I don't think there is a name for this kind of pattern, but here it is.
My prediction is that price will range between these 2 areas for another 3 - 4 years.
So essentially look for a short from the current price down to the mid 70s, then back up to the mid 80s, repeat that again, and then a drop to the mid to high 50s.
My prediction is that price will range between these 2 areas for another 3 - 4 years.
So essentially look for a short from the current price down to the mid 70s, then back up to the mid 80s, repeat that again, and then a drop to the mid to high 50s.
Note
Coming true as predicted, bearish to mid 70s.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.