Hello!
Rising wedge potentially breaking into a larger bear flag . Sellers will be looking to turn at the .50.
With the first short squeeze out of the way, I expect we will slowly move up until reaching heavy resistance at 87XX - 88XX before re-testing support below.
Very interesting week coming up fundamentally which could affect the markets.
If you're trading this move, best of luck!
Rising wedge potentially breaking into a larger bear flag . Sellers will be looking to turn at the .50.
With the first short squeeze out of the way, I expect we will slowly move up until reaching heavy resistance at 87XX - 88XX before re-testing support below.
Very interesting week coming up fundamentally which could affect the markets.
If you're trading this move, best of luck!