Longing ocean here for mean reversion trade, we have head and shoulders confirmed but candle sticks show buying pressure, classic short squeeze situation, greed trade is to the downside now...In channel, RSI tanking, 40 percent off highs, HTF diagonal support..looking for a swing here, smaller size no stops. Not advise.
Next target is the log channel bottom after this latest blow off top. Horizontal S/R will last ~160 days until it intersects the channel bottom, followed by a stop wick and a new rally. Entry target early September 2020
