Basically as you can see we have a descending wedge as well as ascending triangle forming in the same area, now when you go off patterns they can change as time goes or get extended further out but when it goes sideways for a longer period it will usually point towards a more sudden rise. Watch for the volume to drop as well to signify that a break maybe coming. This is also due for a rise due to the pushes down to get here, there is also a chance we could break the ascending triangle pattern and drop to the bottom of the descending wedge. Time will tell what happens next.
Looking more at the chart we could be starting the formation of an ascending wedge which is a sign of a sharp reversal but only on the 30min chart will update tomorrow.
Looking more at the chart we could be starting the formation of an ascending wedge which is a sign of a sharp reversal but only on the 30min chart will update tomorrow.