Purple Bearish pennant has formed on the monthly chart. Price should break downward towards the orange trendline which I think is going to interfere with this yellow downward channel we've been seeing lately. It should then bounce back up to the top of the yellow downward channel.
On the fundamental side of things, I would like to be out of the market before...
Price should bounce a bit before exiting pennant. Plan is to buy when it hits long term uptrend line and sell when it hits top line of short term descending channel. This appears to form a pennant. If it breaks downward out of the pennant, I'll sell and buy back when it hits the bottom line of the short term descending channel. If it breaks upwards out of the...