So it looks like we are forming a falling wedge, which is a bullish reversal pattern. The two outcomes i see most likely to happen, is
1- the Eliot waves where we prematurely break the wedge and false breakout at the fib before a corrective wave then a full reversal at 5 wave.
2- This one is actually probably more likely considering how well we are respecting the wedge. Its the green line i drew in the wedge. Basically we would trade within the wedge until a breakout at the end bringing us to mid October.
Remember this is not financial advice, enjoy everyone,
MUCH LOVE <3 <3 <3
1- the Eliot waves where we prematurely break the wedge and false breakout at the fib before a corrective wave then a full reversal at 5 wave.
2- This one is actually probably more likely considering how well we are respecting the wedge. Its the green line i drew in the wedge. Basically we would trade within the wedge until a breakout at the end bringing us to mid October.
Remember this is not financial advice, enjoy everyone,
MUCH LOVE <3 <3 <3
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