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
Note
Going down to test triangle bottom is what I would expect here but.....if they start to paint a "build up" under resistance like this then it has bigger chance to break through the ceiling
Note
Triangle resolved upwardsNote
Look for daily close. If close below 30EMA it will go back downNote
Price may be forming rising wedge here which is usually a drop pattern. That's my view for nowNote
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 https://patternhttps://www.tradingview.com/x/LM8oYUI8/Note
Observe the daily cloud to see where this is going short termNote
The only trendline I'm interested in right nowNote
This is inverted daily chart for some different perspective. Just speculating here but it can form triangle or some consolidation like this Note
If drops (goes up) here. Inverted chart idea
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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.