Well, well, well.... Here we are back with our old toy -- $ BBIG . It didn't take the easy route, that's for sure, but it's ended the week right where I said it would back on June 26th. LMAO. Now we finally have a clean breakout of that weekly triangle, and 10 dollars isn't far away. My 5c leaps for Jan 2021 (which I bought in May/June) were up 600% on Friday....
A bearish engolfing candle breaks the triangle pattern telling as that the price will reverse to touch the daily support zone, Time for sell.
I have taken my RSI off for the sake of the drawing. But the gold indicators are showing a short here on the bigger timeframes (Daily and weekly) but it is looking to move up a little here, test the last high and then drop.
Looking at the simple levels here, I feel we have room for this to drop and then rise again. The dollar looks like it wants to pull back even more.
I think we can see some selling off this level. A pullback and drop. GBP cannot stay this strong with global events as they are currently.