Loading ...Just Another $50…
That’s how far away we are from completing a technical chart pattern which clearly targets the old highs (to perfection). You’ve probably all seen this ‘head and shoulders’ pattern identified by others. This is just my version of it. As you can see the bottom of the pattern to the top is $200-$250 (depending whether you use the daily close or the end of the ‘wick’). A break above that neckline, projects to the old highs. Just like that…
That is what happens in a quarterly defined uptrend. More chances patterns on smaller time frames resolve upwards.
Exactly. The ‘March madness’ had me doubting myself for a moment though, lol. It took me a few days to sit down and properly work out what the hell was going on and why. Plungers ‘PBC’ series was a rock that I held onto whilst the storm raged – another big shout out to him for that 🙂