We are either in the midst of an ascending triangle or a rising wedge . A break above 54.50 means we have been in an ascending triangle and we are going much higher. A break below $52.50 and then $48 means we were in an ascending triangle and we are going much lower. Either way we are at a breaking point and should have an idea in the next 2 weeks where we are going for the rest of 2017. Much higher or much lower. Interesting times.
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.