A lot of wild swings lately as it works its way through this channel, I am still leaning towards this completing the right side shoulder at $56. Holding onto support for the moment in the bear flag, if it loses support, it should move quickly. For now, the price action is looking messy and I am not seeing an impulse wave here, so it is likely to move down next.
Tomas Horak
2023-03-22 16:24:19 +0000 UTC