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If the MMs have any juice left they will use it to hold this...
If the MMs have any juice left they will use it to hold this head and shoulders. we have to push or it'll dump in 15-25mins
$Cosmos Holdings(COSM.US)$
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Discussing
Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
Mountain Money : it's already invalidated at hns
courteous Lark_7094 OP Mountain Money : sorry I don't get what you mean.
Mountain Money courteous Lark_7094 OP : it wasn't a head and shoulders
courteous Lark_7094 OP Mountain Money : what was is so I update my knowledge
Mountain Money courteous Lark_7094 OP : it's just a stop loss raid. indicated by hard line down, breath bounce, and current hard line down...people with all their trailing sls just getting targeted to get out before next run ups with hopes they get scared to get back in or don't in time
courteous Lark_7094 OP Mountain Money : that's a new pattern for me. in this case I'm not sure how big the difference is. I wish I knew more
Mountain Money courteous Lark_7094 OP : it's not a pattern, it's a tactic. a hns looks like the shoulders are the same peak height with an obvious neckline it bounces off as confirmation in the 2nd shoulder
courteous Lark_7094 OP Mountain Money : so the second bounce on support was too shortlived to be head and shoulders? glad I traded it the same then I'd be smoked.
Mountain Money courteous Lark_7094 OP : the resistance on the 2nd s was not even close to any "first" shoulder....there really wasn't any first shoulder at all, just a supply zone it was bouncing in.