This looks like a , but it only counts when those to orange area's are small fake outs. But the most important thing, the picture is wrong for this to be a . If was right, i would short it instantly and heavy. Now i am still thinking about it. And before i forget, normally after the last breakout we should see an acceleration down. But as i have mentioned many times before, the chart tells a story, not just a picture.
WHat do i mean with this:
-We have a (maybe)
-Volume is to high at the end
-No fast rejection and price dump from the high.
Just think about it, what if it IS a , and because is higher than it should be (which means there are more buyers than it should have here), it supports the price from making a dive down and slowing this part of the down.
Target of that flag was around 9100, if we fall short it's a weakness, or we could make one more jump to the 9100. As i am writing this, i have opened a small short position at 9665 and i will add again around 9100 with a stop around 9250. It's all (again) a small position
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Is there any chance that this would unfold like the rally around 2/15 ~ 2/20? (from a novice's perspective) Similarity could be that no noticeable drops for several days, long sideways movement.