An update glitch triggered a significant price movement at CrowdStrike. As the good Lord would have it, this event occurred at a multi-cluster zone of technical analysis, which we will now look at in detail. In the following chart, we can see several technical analysis elements. In the left chart, we see two significant technical patterns, which we call wolf, consisting of 5 pattern points. We can put these wolf patterns in relation to each other. The red pattern, which is larger, is called the “superordinate pattern”, the green pattern is the “subordinate pattern”. In the 4h chart on the right, we see an ABCD harmonic pattern in blue. This is a pattern based on Fibonacci ratios. The indicator in the right window is an RSI, which, in this case, even shows a divergence.
Lets have look in bigpicture
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