These aren't the Droids you're looking for!
Dear Reader,
On the hourly, we have a symmetrical Elliot Wave triangle atop a flag pole.
Will it break upwards? .. seems rather likely right now !
Am I still bearish? ... YES !!!
I believe a trap is being set as indicators are still showing bearish momentum and lower time resolutions confirm.
These are treacherous waters ... best stay out for the time being.
On the hourly, we have a symmetrical Elliot Wave triangle atop a flag pole.
Will it break upwards? .. seems rather likely right now !
Am I still bearish? ... YES !!!
I believe a trap is being set as indicators are still showing bearish momentum and lower time resolutions confirm.
These are treacherous waters ... best stay out for the time being.
Note
Looking at the 4 hourly chart, this pattern has manifested as a bull flag at the top of an ascending wedge. It's really weird stuff !!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.