Hey everyone, so i put out an idea last night where i showed a W formation and inverse head on shoulders on the 15 min TF, but it didnt play out.
I have updated my idea, where it is still in its range (blue box) The pattern has changed to decending triangle with base at 23k area but it could also be a decending wedge possibly?
Everything else is still in play, green vector range below, red vector range above, BUT look at that big volume gap above, thats something definetly worth keeping an eye on.
It is also showing signs of support at the 21 SMA with the 200SMA in the middle of that low volume gap.
Soon find out :)
I have updated my idea, where it is still in its range (blue box) The pattern has changed to decending triangle with base at 23k area but it could also be a decending wedge possibly?
Everything else is still in play, green vector range below, red vector range above, BUT look at that big volume gap above, thats something definetly worth keeping an eye on.
It is also showing signs of support at the 21 SMA with the 200SMA in the middle of that low volume gap.
Soon find out :)