CAN: Head-and-shoulder bearish signal

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As devastating as it is today, the worse is yet to come. It's possible that CAN retract for a day or two but the downtrend is inevitable and most likely won't stop for another %50 loss. This was not unforeseeable considering the gap that was about to be filled as you can see in white boxes.

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ملاحظة

Getting closer! I don't think it would be a straight shot down, it should bounce for a day or two in between before it hit my target. Let's see!

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ملاحظة

I was the first to see this but someone else is getting the thumbs up! haha

١٩ أبريل ٢٠٢١

ملاحظة

4 more dollars to go. That's 40% down. Do not go long on this ticker for now, and if you have long positions, you need to think about averaging down when it hits the rock bottom (7-8) or just trim it down.

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ملاحظة

This timeline is extended but the target still looks valid.

١٠ مايو ٢٠٢١

ملاحظة

getting closer.

٢٤ مايو ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

٢٤ مايو ٢٠٢١

ملاحظة

Followed the path as predicted. Happy Trading!