Here is two scenerios, bullish and bearish. We are tightening up our range currently
Comment:
Breaking out of the wedge we will be testing support in this zone. Watch your smaller time frame for a signal, bulls want us to bounce off our supertrend but the bears are still pushing. Currently I do expect more down and possibly a small bounce where I will be increasing my short position. Once we break the supertrend, it will be a grim signal and a bear market is innevitable.
Comment:
bounce incoming