If we drop to somewhere around $99,578 or below, a head and shoulders pattern completes which should theoretically drop us to roughly $84k.
6 hours from now, that level will be lower because the shoulder line for this head and shoulders formation is a downtrending line.
6 hours from now at UTC midnight, the level to hold above will be $99,159 for completion of the head and shoulders.
$100k is an important line to hold right now.
Does it look like anything significant with the Wykoff pattern overlaid?
I'm not too studied on that but I like the ending. Number go up at the end from what I'm being shown about Wykoff patterns.
Yeah, I can't claim its infallible, but I was impressed with it when I heard about it. Its supposed to be the pattern that happens when institutions play the price games to shake out retail, and the end is they hold a lot of value and then repeat it again. Up and to the right, with zig zaggy mind games in the middle.
