Greetings fellow traders!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Meanwhile I reckon we can confirm the current emerging mid-term pattern is a Rising Channel. Which has a high probability of breaking bearish. However, most of the time, channels wants to make more higher highs and lows for quite some time. So, chance of retesting support is currently the highest probability. It's possible to breakout bullish, but this is a pretty a low chance. Current target: retest support. Although keep in mind, Rising Channels are BULLISH trends. Although, it's still possible to breakout or diverge a bearish continuation.
Long-Term:
Technically and Fundamentally I am bullish . Target: Unpredictable at this point, literally anything can happen. Waiting for concrete long term pattern to emerge.
*Reminder: Always wait for candles to close above or below support or resistance for confirmations of bullish or bearish breakouts.
If you have any questions or whatsoever, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
If your way of Technical Analysis is strong...
Then the path will show you its way...
(*Asian sound effects*)
Short-Term & Mid-Term:
Meanwhile I reckon we can confirm the current emerging mid-term pattern is a Rising Channel. Which has a high probability of breaking bearish. However, most of the time, channels wants to make more higher highs and lows for quite some time. So, chance of retesting support is currently the highest probability. It's possible to breakout bullish, but this is a pretty a low chance. Current target: retest support. Although keep in mind, Rising Channels are BULLISH trends. Although, it's still possible to breakout or diverge a bearish continuation.
Long-Term:
Technically and Fundamentally I am bullish . Target: Unpredictable at this point, literally anything can happen. Waiting for concrete long term pattern to emerge.
*Reminder: Always wait for candles to close above or below support or resistance for confirmations of bullish or bearish breakouts.
If you have any questions or whatsoever, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
Comment:
Short-term pattern:
