1) Have not been able to break resistance and there was a bearish supply spike when we hit it. This resistance is being respected.
2) The bullish trend angle is not sustainable contrary to what I believe is a reasonable bearish trend line
3) the two scenarios I already discussed in a previous post are here.
I am predicting a sub 100 low then new high and two potential paths there. For detailed ranges FOLLOW ME and look at my post about GME scenarios.
I am THE REAL JOE G.
But always do you own DD.
2) The bullish trend angle is not sustainable contrary to what I believe is a reasonable bearish trend line
3) the two scenarios I already discussed in a previous post are here.
I am predicting a sub 100 low then new high and two potential paths there. For detailed ranges FOLLOW ME and look at my post about GME scenarios.
I am THE REAL JOE G.
But always do you own DD.
Comment:
Additional if we do break above this.... we would entering an asending triangle, typically breakouts go the opposite direction of this pattern which would align with my prediction.
Comment:
NOTE* The PATH is just directional, not price ranges.
Comment:
New C leg range: $88-$60
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OBV showing some bearish divergences here.... the anticipation builds.