This is so obvious but no one was it, was talking about it, or wanted to admit it last week/month but this is such a clear head and shoulders pattern (ignore the lumpy head in the middle), breakdown through the shoulders and I believe the retest actually came in the 1-3 days following the break and we aren't waiting for a retest now.
There are 2 Long Term trend lines drawn ... real long term from 2017 and they go right into the current ranges. We are going to continue to break down to $22-22K range. After that breakdown, I believe we will see a more normal/nominal growth staying much closer to the LT Trend lines rather than parabolic moves.
I am a long time investor but I am relatively new to charting for public consumption so again, be gentle.
There are 2 Long Term trend lines drawn ... real long term from 2017 and they go right into the current ranges. We are going to continue to break down to $22-22K range. After that breakdown, I believe we will see a more normal/nominal growth staying much closer to the LT Trend lines rather than parabolic moves.
I am a long time investor but I am relatively new to charting for public consumption so again, be gentle.
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