On the inverse chart I believe what we are seeing is a trend line break followed by a failed reclaim. This then lead to two swing high fails and is now starting its way into continuation (UP). On the hourly I believe it is currently on the cusp of its last “gasp” as it’s creating the peak of its rounded bounce. Still a few hours for this candle to confirm but at this moment I am anticipating acceleration towards ATH.
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.
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.