STR dropped below the Bullish Divergence line last night.
Not what we were looking for, however, BTC did jump to ~1920...
Note the series of retraces over the next 8 hours, to see if we get back inline with projections and see if Ranging is over with or will continue for some time longer.
If you are not in a trade, consider waiting to see what happens. If you...
What you will notice here is the big dip lastnight into this morning makes for a nice upswing.
The interesting thing here to notice on MOST dumps then ups, you will see the State of Texas forming in the trend, and end up looking like the United States... seriously it looks like that almost always.
On this chart, the State of Texas isn't really shaped like Texas,...
The Pendant is looking to break in a moment here.
We have had a bullish presence to retrace the massive drop earlier. Thing to remember here is large moves tell signs of where the major trend will go.
The Pendant is asking to break and fall into the Descending Triangle for Intra-Day trend Bearish.
On this graph, you will see the marker that will decide trend direction.
Choosing a position here is difficult until you find out what lies ahead. Signs point retrace, but the retrace may some sooner than we think. Look to set tight stop/losses wherever direction you take.