I see a leg 4 to 5 back to the medium dashed line price zone. From there we could bounce and hold support or expance with an additional ABC correction below the dashed line.
Daily, weekly, and monthly buyers are showing a possible " > < " In and out symmetrical pinching to expanding pattern on daily and 4hr.
Hourly shows divergence for a short and stochastic shows we are getting weaker for bulls.
Please adjust and manipulate chart to zoom in. I have drawn the > < trend lines to express the visual I see happening.
Also Monthly is in a strong horizontal channel. A nice widening channel over the next few weeks will indicate we are accumulating buyer power for a monthly swing up sometime in 2021?? I could be wrong but overall I am expecting a daily expanding pattern to happen.
Daily, weekly, and monthly buyers are showing a possible " > < " In and out symmetrical pinching to expanding pattern on daily and 4hr.
Hourly shows divergence for a short and stochastic shows we are getting weaker for bulls.
Please adjust and manipulate chart to zoom in. I have drawn the > < trend lines to express the visual I see happening.
Also Monthly is in a strong horizontal channel. A nice widening channel over the next few weeks will indicate we are accumulating buyer power for a monthly swing up sometime in 2021?? I could be wrong but overall I am expecting a daily expanding pattern to happen.
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