::Caution Ahead::
.5 Fibonacci has been a reversal zone out of these bear flags.
We've had 3 bear flags as you scan see making a symmetrical or downward triangle.
First one was a reversal to upside. Second one to downside as bearish trend continued.
Third one?
May not go to 11.5k like people want. Don't miss the trend line below that that also is acting as resistance.
4 Hour MacD shows an area of commonly topping out.
Our long term uptrend we had as support? Now it's being tested as resistance. (red lines)
Oh and BTW we're kinda sitting in a rising wedge .
Bull Trap?
.5 Fibonacci has been a reversal zone out of these bear flags.
We've had 3 bear flags as you scan see making a symmetrical or downward triangle.
First one was a reversal to upside. Second one to downside as bearish trend continued.
Third one?
May not go to 11.5k like people want. Don't miss the trend line below that that also is acting as resistance.
4 Hour MacD shows an area of commonly topping out.
Our long term uptrend we had as support? Now it's being tested as resistance. (red lines)
Oh and BTW we're kinda sitting in a rising wedge .
Bull Trap?