This was a crazy start to the trading day. Price tested the lower trendline and rejected off after the CPI print. From there it sold off to the lower 92s and I have no idea why it stopped there. The gap at 93.5 filled completely. An inverse H&S formed and price reentered the triangle. Price moved above the upper trendline of the triangle. It appears as someone does not want this to go below the 94 dollar mark and will shake people out. I maintain that the 618 retracement will hold and a move to the 120ish range will ensue. The AI thing is a non-issue and the selling was all technical.
Not financial advice.
Not financial advice.