Long term pattern, symmetrical triangle for continuation of bullish pattern still in tact. However, short term there has been 2 bearish triangles forming, one which has brought it down, and another which may cause it to drop more.
If it does drop, expect prices as the next Fib level of $182 ish, If it breaks the pattern, and returns bullish, I believe we can see prices around previous resistance levels around $230. 50% Fibonacci level holds at around $208 ish, and remains unbroken. To confirm upward movement, i'm looking for closes above $210.
Long term, expect upward movement, short term, expect downtime.
If it does drop, expect prices as the next Fib level of $182 ish, If it breaks the pattern, and returns bullish, I believe we can see prices around previous resistance levels around $230. 50% Fibonacci level holds at around $208 ish, and remains unbroken. To confirm upward movement, i'm looking for closes above $210.
Long term, expect upward movement, short term, expect downtime.
Comment:
Broke resistance downward, still looking for next drop to 182