both acceptable replies - but really the news and talk of whose buying and whose selling, Ukraine, Manipulation etc is not ever a consideration for me. Why bother wondering what people will do when you can look at the chart and see what people did... after all we are NOT market makers, just the herd...
Could be forming a mini inverse head and shoulders from the 27th? Although the falling wedge should have proved a far more reliable reason to bounce than a mini inverse head and shoulders... I feel it prudent to lock in profits and see what pattern forms from here since the bounce didn't eventuate as planned.
Also thought it interesting to note I picked the recent top to within $1 and only got two thumbs up... but when I erroneously picked the bottom I got 11 thumbs up. HC is a good contrarian indicator eh...
inverse head and shoulders - change in trend pattern ( not what I am expecting but have an eye on)
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