common sense says the EOS must correct to at least the blue horiztal support line ! but on the chart it seems like it's breaking out of this triangle formation !! if it does, it may BOOST again.!! if it breaks the uptrend in black " downside" of triangle then wait for a buy a signal......
The difference is that I am looking at hourly and 4-hr to see a trend.
khalsaji
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I am seeing something similar. Waiting to pick up some more after a couple of wicks have formed outside and above the downtrend line. We could be in it for another ride soon. On the downside, it could linger after failing to break out like it has once on the hourly. But that can only last a few more hours, at worst.
The difference is that I am looking at hourly and 4-hr to see a trend.