The trend in orange was taken from a similar fractal from the Crypto bubble (see AE/BTC) in 2018.
This stock has traded virtually identically and has been forming a top for awhile now. Just waiting on conformation of the reversal as the price action hits 15.50.
Once 15$ is hit it should confirm the reversal in the downtrend and a short bid will be entered until we return to normal levels for this stock over the next year.
This stock has traded virtually identically and has been forming a top for awhile now. Just waiting on conformation of the reversal as the price action hits 15.50.
Once 15$ is hit it should confirm the reversal in the downtrend and a short bid will be entered until we return to normal levels for this stock over the next year.