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Bear flag?
My most recent idea was invalidated pretty quickly, hence why added the "If we were to reverse here..." disclaimer. Now we see why you don't place orders and forget about them. Ideas can always be invalidated, but my longer term ideas have been bearish for quite a while now. In fact, it doesn't look like it's even going to reverse here, which was unexpected.
There is not nearly enough momentum to carry this out of the bear zone, so I'm looking at $200 as my next target, possibly lower.
There is not nearly enough momentum to carry this out of the bear zone, so I'm looking at $200 as my next target, possibly lower.
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