Looks like a pendant on the 1h chart. Should resolve itself in the next 5 hours.
Given that it's on the 1h I don't expect the price shift to be massive, but it could still be a good setup for day traders.
As for which way it'll break? Smaller time frames are bearish, but the 1h seems like it could go either way.
P.S. Short term support at $61.25 for those interested.
Given that it's on the 1h I don't expect the price shift to be massive, but it could still be a good setup for day traders.
As for which way it'll break? Smaller time frames are bearish, but the 1h seems like it could go either way.
P.S. Short term support at $61.25 for those interested.
Note
Pendant broke upwards. Let's roll.
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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.