First of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
Good afternoon traders, we have a possible bearish engulfing candle on the 4 hour and will confirm if we close below $36,200 (ish) so watch out for the next hours to come as we head into the daily close and weekend.
Could be a messy weekend if my bias towards the market is correct and I'm seeing things clearly.
Stay safe and avoid leveraged longs because if this ship decides to stink it won't be a happy ending.
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Hi Yurlo, have you considered shifting your upper resistance line to start at 5/26, where the "new" downward trend started after the bounce broke the former downward trend? If you agree with that observation, you may find the PA is still trapped inside a bearish pennant. Thanks for all your work!