between expanding channel lines here suggest to me we could be in for a bit of a wild ride as we trade on the other side of the San
Francisco convention. For the bulls, we still remain within a double bottom
pattern (stop 566) within a bearish Bat harmonic pattern
. For that Bat to complete we would need to see a price target for point D north of $600. For the bears, the higher time frame bear ab=cd
target remains unfulfilled so a fail of the OTE
long sweet spot (again 566) suggests we could easily visit the bottom channel line which just so happens to be at the bear ab=cd
price target (534).
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