This one looks a bit iffy to me. Possibly forming a head and shoulders top.
I know lots are bullish on this and I heard a buy recommendation on CNBC today. So I decided to look.
Just be careful..always pays to be careful anyway (o:
Head and shoulders do not do well in a bull market. Inverse head and shoulders do very well in a bull market. Price must go below 33 for this pattern to do well, and it may not.
No recomemndation.
Trading can be a waiting game.
I know lots are bullish on this and I heard a buy recommendation on CNBC today. So I decided to look.
Just be careful..always pays to be careful anyway (o:
Head and shoulders do not do well in a bull market. Inverse head and shoulders do very well in a bull market. Price must go below 33 for this pattern to do well, and it may not.
No recomemndation.
Trading can be a waiting game.
Note
Large structure on top, 36.89 from the head to the shoulders. It has not broken 33 though and the neckline must be broken with a downtrend for pattern to be valid. I just do not plan to buy the dip )o:Note
First targets down are 10.5, 4.5
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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.