undersun

undersun

Hi Guys and Gals, I saw this pattern forming on the 1 day chart. The right shoulder doesn't have to go exactly to $8400 - it could go higher, but it would definitely need to close BELOW $9000. Anything above that, and this would invalidate the pattern. It is hard to discount the bullish sentiment that is prevalent right ATM. But we need to keep our emotions...

undersun

Not sure what this means, but it looks like we are coming to a convergence - either someone makes up their mind or we just go into consolidation - sometime around Sept 1st (shortly before or after)