> Price formed a Symmetrical Triangle and broke to the downside
> Price bounced off the 78.6% (150.04), found support at 137.86 too and formed a Hammer. (bullish signal) *long wicks* *Highlighted yellow*
> Price found resistance at a previous support level and lingered below it 1/17/18 *highlighted yellow*
> Price is currently below all Moving Averages, but...
May 14th 4hr Outlook
Bias - Neutral
* Bullish Bias: Charts as low as 15 min show convergence on the RSI
Pressure from both sides Friday morning caused price to consolidate on the 88.6% fib support level. Price could finish retracing from here and bulls could regain control of the market the coming week.
* Bearish Bias: However,...
