As initially thought, W went on to make a higher high and found strong resistance at the 200 region. Expecting some kind of consolidation here before either heading higher or lower. Consider the balance and income sheets and the overall economic conditions, the bias is obviously down but that does not mean it cant squeeze higher either. With a shgoirt float still hovering around 30%, the potential for higher highs is still there
Note
Pumping up to the 200 region, we see that consolidation of the potential top is in full effect. expecting a full stop at 200$ region in order to validate this theory.Related publications
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Related publications
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.