Neutral until broken.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
Note
This triangle is being pushed in to the nose and ill eventually bust.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.