On pretty much every other exchange (other than coinbase) the green 7 is a green 9 (The red 1 should have been a green 2). SO we hit that reversal green 9 candle and today we are developing the red 1. We hit the pink descending resistance neckline coming off the LS. Expecting the RS to now develop on this Daily IHS. I was targeting a long time ago before I called...
I do want to throw caution in the air, on this 4 hr re-examining the possibilities of the neckline that I have been pointing out the Daily IHS. We very well could possibly be at the neckline here already with this descending resistance coming off LS. Pink lines are target necklines.
We made a clear bottom on the Daily chart with the red 9 reversal wicking down to 6450 to make a perfected reversal candle. We are in a current bear flag that we did poke under but popped right back above. This type of false breakout many times leads to a reverse breakout to the upside. Which would lead me to expect that we would then complete the head in the...
