Looks like we have a expanding triangle or megaphone pattern in. development.
At this point it can be an reversal pattern or continuation.
However RSI indicator has reached extreme level and is turning down.
As current up wave on weekly timeframe is already overextended I am more in favour of drop to at least target marked as on chart.
At this point it can be an reversal pattern or continuation.
However RSI indicator has reached extreme level and is turning down.
As current up wave on weekly timeframe is already overextended I am more in favour of drop to at least target marked as on chart.