On the 1h we see a rising wedge, but I have a feeling it's likely going to break upwards rather than down. For one, we have a cup and handle on the daily timeframe, which we've just completed and begun trending upward. Secondly the formations within the wedge also exhibit cup patterns. A decisive move should be incoming soon.
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.