I am reverting back to my original idea about this chart. That Is an ascending Triangle and if you go into the 15min chart, you will see it as near perfect, with the top horizontal line bang on the 4.618 "local" Fib line
And all the while this ranges across, the 4 hour MACD is cooling down fast
The Apex of this Triangle is on Friday and PA Will react before then but the longer we stay in it, the higher the chance of a break up
The Long wick (Arrowed) shows us that the bears are watching and do not want PA to break over that Fib line yet but the Bulls were there to make sure PA did not get knocked back down low
We are in a VERY interesting battle here with Bears and Bulls.
And all the while this ranges across, the 4 hour MACD is cooling down fast
The Apex of this Triangle is on Friday and PA Will react before then but the longer we stay in it, the higher the chance of a break up
The Long wick (Arrowed) shows us that the bears are watching and do not want PA to break over that Fib line yet but the Bulls were there to make sure PA did not get knocked back down low
We are in a VERY interesting battle here with Bears and Bulls.