Technical analysis by Fr0man about Symbol TURBO: Sell recommendation (6/22/2024)

as long as the current correction stabilizes around .0044ish it would be forming a inverse head and shoulders which has a very high probability of a move up well past all time highs. RSI and Stochastic are also supportive of this potential.looks like right shoulder has formed at .0049. if anything changes i will update here but i dont think we will have much considering the time of day.so far pattern is still valid and on course, these are opportunities to add to my bag.UPDATE JUNE 25th : From what i can understand, the pattern is still valid however the right shoulder isn't confirmed as it seeks to retest 0.0051 in face of the sell pressure being exerted. from what i see we have two potential scenerio's: First: a new attempt to reestablish a symmetrical right shoulder around .0044ish. second: the H&S pattern is invalidated with a down move to retest support at .0035. please share you thoughts via the comments and please point out any errors in my understanding.UPDATE JUNE26th: Looks like it just reached a symmetrical right shoulder(.004438) however the market trend is quiet aggressively red, 50/50 chance the formation gets voided as Turbo seeks .0035looks like a shoulder is indeed forming, what do you guys think? is this the last chance to buy in? just opened my second trade.trade closed at a loss, pattern no longer validl.