Been stalking this pattern for a while now.
At this point, it's just a potential pattern and nothing concrete. Price is still able to hold up there, but price makes lower highs and momentum is fading.
HOWEVER, it's a very obvious pattern and I wouldn't be surprised to see a squeeze and a run to the upside before we see new lows.
At this point, it's just a potential pattern and nothing concrete. Price is still able to hold up there, but price makes lower highs and momentum is fading.
HOWEVER, it's a very obvious pattern and I wouldn't be surprised to see a squeeze and a run to the upside before we see new lows.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog