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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (72792)10/23/2022 7:29:32 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Read Replies (1) | Respond to of 97611
 
Actually, looking at that WTIC chart again, there is no inverse H&S bottom. However, the rejection at the 50-day SMA last Thursday may be a clue that price is headed to $78.50, the area of the lower 21,2 daily Bollinger Band:

schrts.co

The real bull/bear line on WTIC is the weekly 50-SMA, currently at $93.74:

schrts.co

The weekly has not closed above it since July despite many attempts to do so.