Flipped $2.5, the price is now using this level to consolidate, this level also match with the median of the pitchfork. If the consolidation structure above $2.5 is not invalidated, it is legit hypothesize $10, corresponding to the upper outer parallel of the pitchfork."
Key Observations: 🔹Dynamic Range: The price uses the Pitchfork channel as a dynamic range, bouncing within it. 🔹August Movement: In August, the price hit the bottom of the Pitchfork and made a dip (1) to retest an important support (dashed black line from the previous post) without touching it. 🔹Quick Recovery: The price quickly returned inside the Pitchfork,...
Maybe we will build a inv H&S, but i wait for momentum and averages confirmations, not calling tops but following the tape.
Maybe we will build a inv H&S, but i wait for momentum and averages confirmations, not calling tops but following the tape.