The 4h chart shows a temporary bottom hit around this 8618 low we put in yesterday. We've since climbed up about $250+ but the near-term momentum still points down. In the development of the H&S pattern, I'm also aware of the falling wedge pattern. Neither of which have been confirmed.
We can still get to the trend line from the prev. large ABCDE triangle pattern + the top of the wedge around 9060 and still be in a downtrending movement. However, if we break out of the falling wedge + inside the triangle then i'd say the momentum has shifted towards the bulls a bit more favorably again.
If we do break down from the wedge, I'd say we then activate the measured move down from the breakdown of the triangle, around $7100.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
We can still get to the trend line from the prev. large ABCDE triangle pattern + the top of the wedge around 9060 and still be in a downtrending movement. However, if we break out of the falling wedge + inside the triangle then i'd say the momentum has shifted towards the bulls a bit more favorably again.
If we do break down from the wedge, I'd say we then activate the measured move down from the breakdown of the triangle, around $7100.
I'm still short