Jul. 2 at 7:39 PM
$CRDO is starting to flash a warning signal on my chart right now. Nothing is “confirmed” in markets until it actually breaks, but the structure is definitely building. I’m seeing a potential head and shoulders pattern developing, and if the neckline finally gives way, the measured move points down toward the
$171 area.
On the other side, bulls still have a line in the sand at
$219. If that level holds, this entire setup can easily reset and invalidate the breakdown thesis. That’s the key battleground I’m watching in the next sessions.
Not financial advice, just reading price action and reacting to structure as it forms. Let’s see how it plays out.
Are you going to miss out again?
