Rising wedge spotted on the larger time frame of 4Hr. Log downtrend still in place as resistance. Holding off on big moves until support or resistance is broken. $8650 would be my stop limit on a long.
Short term Ascending triangle spotted on the 1 Hr 1.20% , Expecting similar price action compared to the one seen on 4/13/18 - 4/15/18. $600 ish more dollars upward and we will retest the log downtrend yet again. Hopefully we break out of the triangle with some strength and then see what happens. Stop placed under the triangle
Short term Ascending triangle spotted on the 1 Hr, Expecting similar price action compared to the one seen on 4/13/18 - 4/15/18. $600 ish more dollars upward and we will retest the log downtrend yet again. Hopefully we break out of the triangle with some strength and then see what happens. Stop placed under the triangle
Supports at 7889 and 7806. short term bearish pressure. 55 EMA looking to cross above shorter EMA's. lower lows and lower highs indicate bears may take over short term.
