Yesterday I posted Head and Shoulders earlier than anyone, before it formed, with a right shoulder price target of $40,300. It landed perfectly.
Now the key support lines:
- The target of that H&S is around $33,200.
- Weekly EMA50 is at $33,250
- There is a green trend line that goes to $33,000s
- There is the 0.786 Fibonacci level at $33,200 when you draw from the $31k dip to the top of the H&S head.
Therefore, I expect a might be a bounce from there. However, I'm not sure if that would hold long.
Good luck!
Yesterday's post:
Now the key support lines:
- The target of that H&S is around $33,200.
- Weekly EMA50 is at $33,250
- There is a green trend line that goes to $33,000s
- There is the 0.786 Fibonacci level at $33,200 when you draw from the $31k dip to the top of the H&S head.
Therefore, I expect a might be a bounce from there. However, I'm not sure if that would hold long.
Good luck!
Yesterday's post:
