Last idea discussed potential to break out of this current long term down trend we are in as the price has approached the top trend line again. Current 4h candle will be crucial, and possibly the following candle as well. On the surface it doesn't look like there is enough volume. Long/Short positions also don't give us much of an idea as to which way traders are leaning as there isn't much crossover.
I'd say within the next 4-8 hours we'll know if its a breakout - which will continue to form that longterm inverse h&s pattern that everyone is talking about, and that I discussed in a previous idea, or whether we're bouncing back down the channel for now.
What are your thoughts? Can we finally push through?
I'd say within the next 4-8 hours we'll know if its a breakout - which will continue to form that longterm inverse h&s pattern that everyone is talking about, and that I discussed in a previous idea, or whether we're bouncing back down the channel for now.
What are your thoughts? Can we finally push through?
