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To much BEARISH SIGNS now ("Shoulder-Head-Shoulder", "Bear flag", "Bearish crossing of EMA 25 and EMA50 on daily basis" and "Shooting/Evening star" in friday session). All roads lead to 55 USD (same constellation like in April/May 2019, look at the historic chart!). And the banks reported: -5430 "Longs" and +13617 "Shorts"!

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By the way ... this is the chart from 2019 ! Deja-vu 2021 ? ;-) First HUGE up ... then bearish "HEAD-SHOULDER-HEAD" formation + "Bear flag (="Bull trap") ... then HUGE down! History repeat itself !

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Bear flag! Shoulder-Head-Shoulder formation! Strong resistance @63.72! And by the way today is friday! The fifth day up in a row? Very unlikely!

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Buyers run out of breath! Be prepared for free fall below ~62.65 USD !

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Buyers run out of breath! Free Fall can start below ~66.16 USD !

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Classical Bear flag ("Bull trap") !

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Classical Bear flag ("Bull trap") !

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On 30 July 2019 we've seen the same (similar) BEAR FLAG like now! Will history repeat itself?

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Like trader ScottBogatin already said, look at the chart, now we are trading in a wide range of about $4-5 per day. Today we opened 63.94 and closed 66.20, that's only $2,26, a fully normal average range. And we've closed the gap! But now we've formed a BEAR FLAG as from the textbook. Maybe it is "BULL TRAP"!? ;-)