There is a diamond reversal pattern that has formed, 4H bearish divergences, a 12H bearish engulfing candle, OBV crossed under 1 week trendline. I expect a drop, a sort of ABC / running flat correction , but price expansion (orange triangle) from the current consolidation is hard to predict, can go up to test the channel again before dropping.
Commentaire:
testing resistance likely to break up
