I see things that happens, and other that never happens This is the famous M/W pattern (if you don't know it yet, practice more) Have fun
Can be a top, you'll see why in comment
I can see a potential fratal from the 3k bottom. Still the stop run at 10k wasn't in the previous one (or i missed something). Just this to see how it will end. Enjoy, and feel free to share below ;)
If we break 6.8k, we go down 5k - 5.5k because we have ema 200 in this zone. Rsi is entering danger zone. Also the move down can be bigger, drawing a potential W (inverted charted) that is bearish (so bullish on a normal scale). Don't forget it can also go up, flip a coin.
Wanna see how it ends Still, one start from the way down, another starts from the way up, so....
So I feel like this current chop zone could be distribution (again). I know i'm very bearish, but shit have to be shaken Anyway, gl being a retard s3.amazonaws.com
If not already in a long, wait for a possible retest on the ema cross (12/26) then likely to go for $138-139. Once at around $138 ema 100 should resist us and repeat the "fractal" (yellow, blue, red). This is only a scenario, beware
Here is a Pattern i noticed. Usually W are bearish but this one is bullish. Why do I say that, because in this W you can find a M (that is usually bullish) and most important the last W leg down does not show a LL. So here the idea to ilustrate my words
I know this is very unlikely, we have ema 200 as support at 4.2k, ema 50 on monthly at 3.9k and rsi lower 10 on daily. But, because there is akways a BUT, this year we have experienced Bart patterns, and I feel like this could be a Weekly Bart (could get us around $1.5k and $1k).. Don't mind, i know we are already down a lot, but this is a possibility, and...
Imho the trend is down, likely to do a fakeout here (or not), then 6k break, panic, everybody short, just buy 5.6k maybe 5.5k Enjoy (or not)
Here is a nice h&s, plus a right shoulder that should end with that A&E (in red). Let's see if MM wants it or nah Ps : If you wrong you wrong, just acknowledge it