Short term we are nearing the apex of a rising wedge. Bullish if a close above 6800.
Intermediate/Long, continued bear. Possible leg down to 5800. Looking for a bounce from there. Neither completely bullish, nor bearish, waiting for above confirmation.
*Note a daily high of $6660, ominous. Trade safely the next few days, my friends!
-Achilles
Comentário
Looks to me like the bears are in control today. I am expecting a major move around 1500 EST. Set your SL's and get ready for the ride.
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