Profit taking at $4.20- puff puff pass bro!
LONG
-Ascending triangle
- potential Elliot wave- setting up for impulse wave 3 and price cycle 2 -normally the largest moving section
- 3 touches of $4.20, if doesn't breakout on 3 typically will on 4th touch
- higher highs and high lows-
CON
-daily large volume on one of the tests of all time high without breakout= suspicious profit taking
LONG
-Ascending triangle
- potential Elliot wave- setting up for impulse wave 3 and price cycle 2 -normally the largest moving section
- 3 touches of $4.20, if doesn't breakout on 3 typically will on 4th touch
- higher highs and high lows-
CON
-daily large volume on one of the tests of all time high without breakout= suspicious profit taking
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