Possibly a bullish shark pattern forming with a possibility of a profitable short position.
After a steady drive up on the bottoming of a steep down correction from the previous high reached Jan 21, we are now back up just short of it.
In an overbought market, there could be a large correction down after retesting the high.
If the high test passes we could see a correction at 1.113 retracement from the main drive down.
After a steady drive up on the bottoming of a steep down correction from the previous high reached Jan 21, we are now back up just short of it.
In an overbought market, there could be a large correction down after retesting the high.
If the high test passes we could see a correction at 1.113 retracement from the main drive down.