Price failed to breakup from a descending triangle. Price tested the 21 weekly ema and tried to punch through the ichimoku cloud twisted but was clearly rejected. It remains to be seen if price will breakdown from the descending triangle.
This idea is in conflict with my previous idea that called for a descending wedge break up and 4H bullish divs.
This idea is in conflict with my previous idea that called for a descending wedge break up and 4H bullish divs.
Comment:
price action broke under support of triangle, outlook very bearish.
Comment:
broke above triangle and 1H cloud. going up.
