EA - Head and Shoulders
Possible short play if this is a legitimate head and shoulders pattern. There is a long term uptrend, which makes me skeptical of this actually occurring; but there is always that possibility. Best to wait for some buildup or a pullback to a possible drop.
There was a similar pattern around Dec 2019-Feb 2020, which resulted into an initial short drop, but a subsequent strong pullback to the previous highs—before the sharp drop to 88.4
There was a similar pattern around Dec 2019-Feb 2020, which resulted into an initial short drop, but a subsequent strong pullback to the previous highs—before the sharp drop to 88.4
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