Bearish overall channel; Slight rising wedge
I personally wouldn't take a long trade here; I wouldnt mind a short trade here.
There have been no impulse moves to show desire to move this out of the downward channel. Pure consolidation.
I believe a fake break will occur out of the downward channel that i've drawn; it will fail and will be brought back to downward fall.
Fyi, to anyone reading my posts, i'm just trying to keep these for future reference to see how i do.
There have been no impulse moves to show desire to move this out of the downward channel. Pure consolidation.
I believe a fake break will occur out of the downward channel that i've drawn; it will fail and will be brought back to downward fall.
Fyi, to anyone reading my posts, i'm just trying to keep these for future reference to see how i do.
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