Bearish Signs:
Would think this needs to be confirmed after dropping past the 50 SMA ($980, with volume) and out of the symmetrical triangle we're in. Otherwise, could definitely see this as bullish if the breakout is upwards.
- Deep crab pattern. Point to ~$750 (or Butterfly if you start from the gap up)
- 200 SMA on daily. Pointing to ~$750
- Next support after filling the gap, ~$750
- 14-period RSI on daily shows bearish divergence (not hidden).
- This would be about the 61.8% retracement for the entire wave.
- Would be the target with a double top pattern ~$750.
Would think this needs to be confirmed after dropping past the 50 SMA ($980, with volume) and out of the symmetrical triangle we're in. Otherwise, could definitely see this as bullish if the breakout is upwards.