There is a diamond reversal pattern that has formed, 4H bearish divergences, a 12H bearish engulfing candle, OBV crossed under 1 week trendline. I expect a drop, a sort of ABC / running flat correction , but price expansion (orange triangle) from the current consolidation is hard to predict, can go up to test the channel again before dropping.
Related publications
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.
Related publications
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.