The current price action is starting to form a potential falling wedge
on the 4hr chart...interestingly enough the apex of that potential falling wedge
is at the exact same point as the drop
target from the 4 hour chart head and shoulders
pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this four hour wedge
being legitimate. However with such a big support line as the weekly 200ma just below I'm not gonna be trying to do any limit sells or even shorts here because that support could easily bust us up out of this pattern logn
before it reaches the wedge
target. For this reason this idea will be left neutral.