@market_sleuth Next 1-2 weeks are bearish and then we can go, that weekly bearish engulfing doesn’t seem to indicate a strong rally, neither the “flash crash” to 711
@Mr_Derivatives It is not. I would worry more if there was clear upward direction before the pattern. A Head snd shoulders top or bottom is a reversal pattern. There is nothing to reverse from here.
That said price can go wherever
@PeterLBrandt That’s a probable broadening top pattern, 5 touches, retracement half the last move and down we may go with a probable retest of the lower line from below