Not so bad a triangle II
resolution of the triangle was postponed for now, but the bottom trend line of the recent bull run was broken again - in the log charts we are already crawling along the long term bottom channel of the Schiff pitchfork. That in addition with an overall rising wedge pattern could indicate further consolidation down to 51.800 or even another touch down to the 50-day MA somewhere around 49.300.
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Disclaimer
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.