pattern seems to be forming in this large pennant. seems like a channel on the 15m but if you scale out the time frame you can see that the lines eventually diverge. will be interested to see how well the new candles follow this. if convincingly breaks the most recent high i will turn bullish
either a double bottom will form and it will bounce, or we break through and see new yearly lows. would lean towards the latter based on low volume.
these are the resistances i see on the 4h chart. a couple previous s/r flips. the next few hours will tell us more about what is to come. still long but not certain that we will easily pass all of these levels
seems almost too obvious. double bottom on volume and short term diagonal trend breakout. horizontal rays are resistances
seems to be forming short term uptrend. simple buy bottom sell top of channel play. stop would be not to far below bottom of channel