I've set up some trend lines and you can see wedges, parallels, and in general a bullish momentum. We are going to sit at this price while we get squeeze for a little bit. You can see with the yellow wedge and the green trend line almost meet.
The larger trend appears to be similar to an ascending broadening wedge pattern. It's not perfect. This pattern 75% breaks downward but I don't know if it is the case that we are indeed in that pattern or if we are in that pattern we are breaking downward.
I think we'll be at this price range for another day at least, at that point I'll look at the chart again and see what the oscillator is doing. Maybe I'll see something that is obfuscated right now.
The larger trend appears to be similar to an ascending broadening wedge pattern. It's not perfect. This pattern 75% breaks downward but I don't know if it is the case that we are indeed in that pattern or if we are in that pattern we are breaking downward.
I think we'll be at this price range for another day at least, at that point I'll look at the chart again and see what the oscillator is doing. Maybe I'll see something that is obfuscated right now.