Overlapping pennants on their way
Although the first pennant broke to the downside there is a second one building directly after the first one. Seems like bulls and bears having a tough time sorting things out. Could be that the first break-down filled many "to late to the party"-bears, which, if prices continue to push up will get rekdt.
A relief rally to the next S/R level (green rectangle) would be much appreciated, if we get rejected there new lows are in play, if we push up and stay there the bottom should be in.
Cheers!
A relief rally to the next S/R level (green rectangle) would be much appreciated, if we get rejected there new lows are in play, if we push up and stay there the bottom should be in.
Cheers!
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