Bearish (Chart 3 of 3)
Disregard the dip below 10.5k if you can and take a look at how many times we've held support along the 10.5k to 10.8k range. Now look at the lower highs we're making.
That looks like a classic descending triangle which is a bearish continuation pattern.
This is my final scenario of the charts I published today. Take a look at the others and tell my your thoughts.
PS: Yes, I do see the inverse Head and Shoulders that is possibly forming but I don't believe it to be valid so I didn't include it in a Bullish chart. But hey, I could be completely wrong. I mean wtf do any of us really know right?
That looks like a classic descending triangle which is a bearish continuation pattern.
This is my final scenario of the charts I published today. Take a look at the others and tell my your thoughts.
PS: Yes, I do see the inverse Head and Shoulders that is possibly forming but I don't believe it to be valid so I didn't include it in a Bullish chart. But hey, I could be completely wrong. I mean wtf do any of us really know right?
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