COP Multiple fails at breaking out will come down grab liquidityMultiple fails to break out will result in another grab deeper for liquidity. Normally I would say this is going to do a double inside turn which is a fail to reach the high and a fail to reach the low. Then make a move back to the high. but the M pattern at the high is hard to ignore. There are three attempts on that consolidation high. Which will result in 3 pushes down at the low. So if nothing else the last one will push deeper then the first two. I might not have enough time for all of that to happen so 15 day option plays might be what is needed for you to really see it all the way through.
I think this failed to go lower to manipulate the low. Which will result in a pull back to get the distance it failed to cover then a reverse back down.
I am only looking a $4 push down that might have some Emotion to it and do double that. Then soak back up to find support around the 100-102.50 area. To finally setup for a long break out above my lines.
Im using timing, manipulation, breakout failures, and just priceaction to plot this out.
Pls like follow tip your bartender and safe trading.
iCantw84it
11.29.24
