We have a wedge forming with a possible break out upwards (in green). We also have a possible triple top forming (in white). I will be watching this closely to see if it will break up above $16,820 or bounce back below $15270.
Note
have been away from computer, but wanted to show how it played out. It followed white lines very nicely.Trade active
After this last event, a new channel has formed after the local bottom was found. Looks like there will be a slight movement within the new channel before a breakout. Trade active
broke out of channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.