Would be in line with the lack of confidence in areas of the market
Looking to move upwards out of the lower time frame wedge that this is currently within (check out the 1 hour chart), then reach an old high from back in Sept 2015 then possibly make the return journey within the daily channel and then even maybe continue out of this channel and down within the weekly channel and beyond.
After a brief dip outside we're this appears to be bouncing off the trendline and I think will make a wave to the downside
In my opinion there is a consolidation forming in the 1hr with some healthy potential for a wave up. Any feedback would be greatly received.
I'm very new to this and probably have completely misused the tools but there does seem to be a clear congruence between the pitchforks, wedging trend lines and the forming candlesticks. Feedback welcome