We have a big and almost symmetric triangle on candlestick chart, which is further confirmed by RSI.
All you need to do is to sit and wait for breakout of both.
All you need to do is to sit and wait for breakout of both.
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Peeking inside the triangle.
We may have either a diamond top or a half staff.
thepatternsite.com/diamondt.html
Difficult to say.
Anyway, it means volatility is coming.
We may have either a diamond top or a half staff.
thepatternsite.com/diamondt.html
Difficult to say.
Anyway, it means volatility is coming.
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Patience.
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Well, clearly a diamond top ...
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Rising wedge at target, price near support.
It's likely a pullback and a ABC orrection.
Next few hours will tell.
It's likely a pullback and a ABC orrection.
Next few hours will tell.
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ABC, as expected
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Now likely to rebound
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We're back to the first half of december, with lots of manipulation.
Five times today we had an attempt of breakout rejected methodically.
It's getting a tad boring.
And ridiculous.
Five times today we had an attempt of breakout rejected methodically.
It's getting a tad boring.
And ridiculous.
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The last one, minutes ago, was appalling.
Couldn't believe my eyes.
Sadly this volume allows this kind of stuff.
Couldn't believe my eyes.
Sadly this volume allows this kind of stuff.
You'll notice that:
* price touched today the upper bound of the triangle on candlestick chart, which is a resistance
* price sits almost at the upper bound of the triagnle on RSI chart, which is a resistance
* price sits almost under upper Bollinger Band
* Price sits on the edge of Ichimoku Cloud
* Price sits just under EMA 50
That's quite some resistance ...
Don't pick a side now, it's not worth it.
Be patient.
Sit on the sidelines and play the breakout.