Triangle action here and daily EMA30 blocking the way. More sideways action expected here.
Short term down
Long term let triangle to show us
Short term down
Long term let triangle to show us
Comment:
Triangle resolved upwards
Comment:
Look for daily close. If close below 30EMA it will go back down
Comment:
Price may be forming rising wedge here which is usually a drop pattern. That's my view for now
Comment:
It's a guessing scenario at this point but I'm considering something like this if they would want to retest the breakdown level of previous H&S pattern
Comment:
Observe the daily cloud to see where this is going short term
Comment:
The only trendline I'm interested in right now
Comment:
This is inverted daily chart for some different perspective. Just speculating here but it can form triangle or some consolidation like this
Comment:
If drops (goes up) here. Inverted chart idea
...if they start to paint a "build up" under resistance like this then it has bigger chance to break through the ceiling