A lot of possibilities on this chart.
A) There is a Flag/Pennant that could potentially breakout.
B) There is also seems to be a descending triangle where you could see a breakout closer to point 5).
C) Potential breakout at point 2.
D) Ascending triangle seems like it needs to develop some more.
If price falls and breaks support at 590k, it will look more like a head and shoulders formation (a very bearish sign).
do u smell what the sheik is cooking?
A) There is a Flag/Pennant that could potentially breakout.
B) There is also seems to be a descending triangle where you could see a breakout closer to point 5).
C) Potential breakout at point 2.
D) Ascending triangle seems like it needs to develop some more.
If price falls and breaks support at 590k, it will look more like a head and shoulders formation (a very bearish sign).
do u smell what the sheik is cooking?