Description
⋅ The Bulls and the Bears have been fighting it out for a few days now in a large consolidation pattern! Downward pressure is still evident.
I believe there are two likely scenarios to play out:
Scenario 1: Push to the upper resistance line with multiple attempts to break resistance. Then large move to the downside.
Scenario 2: Capitulation of the Bulls leading to large downward movement to bottom resistance
After this I think we will see if our longer term bull run will continue
Disclaimer: I am not a financial advisor and this not financial advice. Please do your own due diligence when making trades