It is noticeable on the 3-day time frame that the 50EMA and 225EMA are getting heavily compressed ~ so what does this mean?
Obviously as the price moves further towards the Apex then it will break one way or other, which maybe the reason for complete stalemate in the market until an event or the structure(Descending Triangle) breaks down due to time!
Not quite sure about the Harmonic so reserving judgement on how this plays out if at all?
Obviously as the price moves further towards the Apex then it will break one way or other, which maybe the reason for complete stalemate in the market until an event or the structure(Descending Triangle) breaks down due to time!
Not quite sure about the Harmonic so reserving judgement on how this plays out if at all?
Comment:
Descending Triangle Target $2947 looks possible!
