We have multiple technical confluences that show increasing demand @ 70$ (see the chart).
It is too early and risky now to buy, we should stalk closely for evidence of buyers if they take control of trend.
I will stalk this pair in near future and will provide aditional updates.
$WFM daily shows a falling wedge attempting to break out. However, a darvus box has developed to contain the breakout (for now). Looks ready to pop w/ several gaps still open above.
Falling wedges are bullish 70% of the time and usually get retraced 100%. There are also positive divergences on MACD and RSI. I expect ETH to go up from here with a target of 0.021.
$HRL falling wedge forming on daily. Former H&S neckline serving as resistance.
Expecting a pullback into wedge support (demand), then a move north through resistance (supply) to upside.
Short ----> then Long
GBPUSD is setting up for a potential long setup toward a Gartley completion. TL support protects a SL below lows and an unhit daily pivot may help pull price up toward target. R/R of 2.0
