On the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas:
Buying in the range of 54183-57204.
Selling in the range of 67777-69287.
Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely,...
A series of lower highs and higher lows over the last ten days indicate the Triangle pattern has been formed. The thrust to the either side is imminent - and you don't want to miss on this next trending move. The chart to the left is the bearish scenario, in which price will plunge to the 8500s area (-200 margin zone). To my mind, it is more probable and actually...