In 2020, Chipotle paid a record high fine in the food industry of $25 Million to settle criminal charges because of microbial contamination in its food, yet illnessness persist. www.morningstar.com Short at the confirmed/retested break of the massive double top neckline. Close partial shorts/profit at targets iindicated (fib retracement). Risk to new...
Short at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618. I enjoyed this short video on this pattern . Simplified image via Google search . If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to...
Note previous weekly range retracements at the OTE short sweet spot (.705 Fibonacci retracement level) & less than encouraging RSI.. Take profit at the expected .382 retracement.
Just an exercise. Make it yours, draw some fibs and look for areas of interest. Join us and @CRInvestor at www.therationalinvestor.co
Coincide, as an coincidence, is the keyword. The run-up prior to San Francisco's Coinsummit probably wasn't just coincidence and we know the recent run-up is (mostly) due to enthusiasm over China's prohibitive policies not completely blocking out bitcoin. I don't expect a lot but I do expect a moderate amount of selling at the end of the expo on Sunday...
I'm making no predictions here; I just found this interesting. (LTCUSD in red for comparison)