The volume has been decreasing with an increase in price suggesting a possible trend reversal. What do you think?
betgain
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@Mudrex, I think we have our answer this morning, but as long as 36.5k holds for a symmetrical triangle/flag formation, the upper boundary of the cloud remains flat at 47k offering more than 3R trade.
Additionally, 200EMA is now supporting the current price (reference )
betgain
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In the area of consolidation, hence I believe there will be time before week of Aug 2 to enter.