Rectangle
Price has not broken the resistance line of the rectangle.
Rising wedges noted on daily and hourly. The bottom trendline of the wedge has not been broken.
Price is above the wedge
Rising wedges interrupt supply and demand and are known to be bearish in the end. This pattern is not valid unless bottom line is broken. It can be a long term pattern sometimes.
Possible W pattern also noted inside this rectangle.
No recommendation.
Possible Short at a good entry level.
Price is above the .382 of the trend up.
Rising wedges noted on daily and hourly. The bottom trendline of the wedge has not been broken.
Price is above the wedge
Rising wedges interrupt supply and demand and are known to be bearish in the end. This pattern is not valid unless bottom line is broken. It can be a long term pattern sometimes.
Possible W pattern also noted inside this rectangle.
No recommendation.
Possible Short at a good entry level.
Price is above the .382 of the trend up.
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