So, IF this is a head and shoulders, it will look like this. If we bounce off the resistance at $47,000 then we may be setting this pattern up. The previous touch on the base line was a liquidation cascade wick, so I don't really count it as part of the pattern. This is a nod to Peter Brandt's take on it as well. I think it might be wise to sell $47,000, or you could wait for this pattern to fully realize.
