Execution and beheading of buyers noise, and what is left over.

A good friend stated a thought. He said "It looks to me like it's one massive head and shoulders."

Since he said that, I decided to execute the noise of the buying period. Of course, it is speculative, but it seems to match what is happening on a few different angles.

Here is what it would look like if we give the head a haircut.

Based on this, I'm on a short for a while.

What are your thoughts?

Commento:

Well, it appears I was wrong on this one. On top of that, my analysis was just about on the bottom. Just as well it was low, as the date I'm writing this, it is currently hovering around the 10k mark.

Trade chiuso manualmente:

Yep. I was wrong on this one. It didn't go lower than 3k roughly. Although it rose, it did revisit the 3k zone, but didn't go lower. Still, it was fun making the disappearing head :D