I started creating this pitchfork since we fell from 13.8 and bounced from 9.7. This is as classic as it gets!
We are stuck in the bottom portion of the channel, facing multiple strong resistances. The 4HR 50MA along with many other key indicators shows a break of 10.8 will potentially regain bullish momentum. I'm currently short, expecting resistance to hold. Stops are your friend!
We are stuck in the bottom portion of the channel, facing multiple strong resistances. The 4HR 50MA along with many other key indicators shows a break of 10.8 will potentially regain bullish momentum. I'm currently short, expecting resistance to hold. Stops are your friend!