There is a clear head and shoulders pattern that is near completion. These patterns love to set up and then reverse, so I won't be shocked if it doesn't happen. The measured move is on the chart which measures to around $85.50 or so. Note the RSI pivot that is holding, will be a tell toward pattern completion. First step toward a reversal is to break the recent high of $119.59 then on to the others. I have no position just a spectator at the moment. GL all trade safe.
評論:
See what I mean they love to set up perfect and reverse. Catching some resistance here at the high of the left shoulder.