Closed 1 4hr cndle above dscnding trngle; still inside bearflag
A very positive sign to see us close a 4 hour candle above both the descending triangle and the t-line ont he 4 hour chart....we have one hour left to go on the current 4 hour candle but as you can see it's momentum turned around right inside the edge of the bear flag we've been stuck in for awhile now. Hopefully it will close above the descending triangle as well and give us a confirmation of a potential breakout...but even then we need to see lts of bull volume to go with it for the descending triangle to be valid. For now we are still stuck inside a bear flag but hopefully after closing this current 4 hur candle above the descending triangles top tan trendline that can give us enough bull momentum to bust upward out of the bear flag and follow that candle with another 4hr confirmation candle closing above the bear flag as well...that should collectively give us enough momentum to avoid the dread and shoulders and the death cross. We will ahve to wait and see so for now I remain neutral. You make your own best judgement on what you choose to do as this is not financial advice. Thanks for reading!
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