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The CoreWeave chart is quite beautiful. It’s a complex chart, but lets try to break it down.

You have a sort of ‘W’ bottom being formed with relative strength present during the recent Iran conflict and drawdown. That strength produced a perfect “3 tap” of a diagonal support which gave the fuel necessary to start expanding the ‘W’ to the upside. Short term resistance above range highs at $115 is sure to act as at least a pit stop.

Apr 9
at
5:00 PM
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