@TheTrex, Lol right, I'm glad someone pointed this out as well
shytrader
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@TheTrex, its strange to see something to consolidate in a such a way where the price moves within a rising channel, instead of classic bull flag where price moves in a downward channel.
I really hope im wrong and we see a breakout on the upper side.
TheTrex
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@ShyHots, I got this
TheTrex
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@TheTrex, This is a raising wedge and considered bearish, if it breaks down we get a retest of wave (4) around 7766, if that fails 7570.
shytrader
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@TheTrex, well, regardless of if its a wedge or a flag, we go down anyway. I dont see how we can continue to go up without at least a minor correction.
tecknit
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Wait, how is this a bear flag? Are people just liking this because it says short and they are still holding onto their shorts?
Broom
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@tecknit, yeah there is no bear flag, crazy how may likes this got.
shytrader
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@Broom, there is no difference if this is a rising wedge or a bear flag, result is the same