Same pattern as April 2019. Chart tops out, drops really hard, market decides to not pay shorts and rebounds incredibly strongly. Chart forms new high which eliminates the shorts and gets the market thinking bull bull bull and then it proceeds to sell off. I think the top for ANET will happen tomorrow and this is going to sell off for ~a year. Target around 50 this time next year. Much of the large caps will follow this pattern.
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.
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.