Chart for my "Lunatic" friends.

23 may 2022

Here is a chart for Luna and it show a pennant and also the 50% and 75% markers that could be bounce points. Red is maybe a dead cat bounce and green price flag is a higher probability bounce. Made this early this morning before the breakout to the down side but had to tend to our cattle so missed the shorting opportunity. As always you make the final decision to go in or wait for trading opportunities. Please learn to discern for yourself. Also watch the stock market and DXY (dollar) as these will affect price action so go with the flow when possible and be able to recognize a "dead cat" bounce when you see it.