A larger head & shoulders formation is almost complete. If we breakout to the upside then look for a HUGE leg up to follow. But if we breakdown.. look for price action to coil up within this channel before the breakout happens. As you can see. I am quite bullish on this chart. I believe there is very little chance for significant downside from these levels.
Hold on to your butts, this might be an uncharacteristic weekend with huge price action.
Hold on to your butts, this might be an uncharacteristic weekend with huge price action.
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Here is the h&s for reference:
