We are still in an uptrend after that small breakout from the diamond top.
The 4hr chart clearly show's we're still in the process of completing the ascending/rising wedge, a bearish chart pattern that breaks DOWN 68% of the time.
We should get another move up for another test of the upper trendline, or 1:1 Gann Fan (highlighted in GREEN).
It makes sense to go back up to this area, otherwise it will leave a CME gap that WILL eventually get filled.
Going to wait for a break out above or below the upper/lower trend lines before making a move.
Hope you're all having a great weekend! If you agree, please give me a THUMBS UP and/or a comment :)
If you disagree -state your case below and let's put our brains together on this!
The 4hr chart clearly show's we're still in the process of completing the ascending/rising wedge, a bearish chart pattern that breaks DOWN 68% of the time.
We should get another move up for another test of the upper trendline, or 1:1 Gann Fan (highlighted in GREEN).
It makes sense to go back up to this area, otherwise it will leave a CME gap that WILL eventually get filled.
Going to wait for a break out above or below the upper/lower trend lines before making a move.
Hope you're all having a great weekend! If you agree, please give me a THUMBS UP and/or a comment :)
If you disagree -state your case below and let's put our brains together on this!
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.