I'm seeing a massive inverse head and shoulders forming on both the 4hr and daily charts.
There's a chance that this has already played out but I don't think that we've corrected far enough down for the formation to have been fully completed.
The last two times we had this many longs stacked were on 2/21 and 3/13, and we saw significant corrections on those dates.
MACD has turned bearish on the daily.
It also just so happens that we would bounce off a major support line if this inverse H&S plays out as charted.
Shorting down to the 55-54k levels. If we bounce off of there then we should see new ATHs by second week of April.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.