H&S or RipCity?
Ok, I'm not sure I've ever seen so many members calling out an "obvious" head and shoulders pattern. If that many people see it as obvious, then I always become concerned it might be a fools pattern. I've laid out a potential Elliott Wave pattern that would be the exact opposite of the bearish breakdown of the H&S pattern. I agree the H&S does look quite obvious, but if it doesn't play out, then it could be ripcity to the upside with a target of $140 for Primary Wave III.
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