Soo watching this failing wedge that brought us down to retest the previous channel upper resiatnce before the big rip. It just hasn’t been acting very strong. As long as we are above 520 we have a chance to double bottom on this support. Howver it sort of looks like either a bear pennant or symetrical triangle both which have a bearish move into it. Multiple spinning tops showing a lot of indecision. I still have shares from 3.26 area. Also added some at 5.20. Cureently I’m thinking this may drop to 4.40s area but we’ll have to see how the day goes. Getting support above 5.70 and actually holding could send us on another rally but losing 520 and holding below could start to dip us to the lower channel towards 4.50
I’ll be watching today as I think there is a move coming. Right now leaning a bit bearish
I’ll be watching today as I think there is a move coming. Right now leaning a bit bearish