Looking at this 30min chart it looks like we may be rounding out and looking to start testing resistance. Having said that, it seems there are some other possibilities. There is a descending channel that has me thinking bear flag. I also think that the harmonic is still in play. From here, we could go either way, but I am leaning towards the downside, so I'm cautious of a fake out/bull trap scenario here.
A closer look at the 30min.
On this 4hr chart we are still in the falling wedge.
The daily is still showing us inside this bullish pennant.
Looking for an edge, let's see what happens! Owhoooo!
A closer look at the 30min.
On this 4hr chart we are still in the falling wedge.
The daily is still showing us inside this bullish pennant.
Looking for an edge, let's see what happens! Owhoooo!
Comment:
Looks like it's reversing!
