A little different look at the daily, but consistent with yours. Close below VbP market structure support resistance bar/zone. Another starts cementing more down. Closing below red dotted bb midline will signal downside could be more than a dip.
Alright...we can talk about it now. #4 under "what I do like" from last week...
I know some of you knew or guessed what I was looking at, but it wasn't fully formed then.
Now, an absolutely PERFECT (maybe too perfect?) Inverse Head & Shoulders has formed on the daily. We are currently right on the neckline at 19.01. If this breaks, should be a rip higher to test 19.49 high. If that breaks...well, look out nelly.
My only caution is so many people are starting to talk about it, it makes me nervous that it will fail.
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