We seem to be in another descending triangle, with the descending trendline above us from here. short term we've broken up out of this descending channel and found temporary support on the retest but the log .618 of our local range continues to give us trouble.
Primary trend is still up but intermediate trend is still decisively bearish until further developments.
Primary trend is still up but intermediate trend is still decisively bearish until further developments.
Comment:
battling the median 4hr band at the moment
Comment:
micro timeframes look like we've broken out of ascending triangle off our local low. The fact we've yet to close a daily below 8k, and bounced off the .382 of the entire range (~3kish low to 13.9ish high) could prove down the road that this was just a corrective wave to the .386 before another sustained move above our prior high