Surprise! Time for a rally!
I'm now targeting the $265-$280 area. It turns out my descending triangle was actually a bullish descending wedge. I'm now long and watching $190 strong support. It may not be immediately, but somehow, sometime, we are going to reach that $270 area again.
Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real V-shape other than the one right before that descending wedge. It's not pretty, but it's there. We also have what I would call climactic volume, so in light of the circumstances, I think it's a safe bet that a long here will pay off.
Good show while it lasted. I hope everyone made money.
Donate and I will love you till I die:
1KbNCKfxKbAuQtCmonhzeTFEM7JLi6gerP
Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real V-shape other than the one right before that descending wedge. It's not pretty, but it's there. We also have what I would call climactic volume, so in light of the circumstances, I think it's a safe bet that a long here will pay off.
Good show while it lasted. I hope everyone made money.
Donate and I will love you till I die:
1KbNCKfxKbAuQtCmonhzeTFEM7JLi6gerP
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