I do think there is likely a small move higher coming next week prior to topping. I'm looking for one last push higher into $457, at which time I think is a good time to go short, because after that, the move down should be a big one.
Most likely scenario IMO is that we break the previously lows in the $170ish range and form new lows down between $139-$111 before bottoming.
All of this should play out within the next 6-9 months.
Let's see what happens.
Most likely scenario IMO is that we break the previously lows in the $170ish range and form new lows down between $139-$111 before bottoming.
All of this should play out within the next 6-9 months.
Let's see what happens.
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Rejection at top resistance so far
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:)