Conditions are stabilizing again so we avoid a bigger selloff just in the nick of time here but as it stands a close below the tip of this 1M Pennant isn't looking great especially given the multitude of various bearish structures contained within.
Conditions also seem likely to improve the next few days so some bigger down movement may have to wait until next week however this period of downtrend may have already triggered something broader that is now unstoppable.
Next most likely scenario is run up to ATH so stay frosty, we got plenty of trend confirm trigger lines between here and there to milk.
If we do get another ATH, then the following downwave should be something to behold.
Комментарий
⋅
Look at that beautiful double bottom back to Pennant retest...
@DaddySawbucks, man I wish, a lot of people on that ATH TA, would love to cash another chunk but we got a lot of bearish structures to reverse through and ATH unlikely this month.
DaddySawbucks
⋅
@ProfitHarvest, Not in March, but April is always Bullish as Hell.