There is also an ABC bullish pattern inside the rectangle. The target for this pattern is D. As a rule, price will reverse when it hits D if the pattern makes it to D.
There is resistance from the upper trendline of the rectangle. In order for price to see full realization of the ABC bullish pattern, the upper trendline of the rectangle will need to be broken.
Rectangles are neutral patterns without a break of a trendline.
Retests of the trendline are common.
The top and bottom trendlines are marked.
No recommendation
There is resistance from the upper trendline of the rectangle. In order for price to see full realization of the ABC bullish pattern, the upper trendline of the rectangle will need to be broken.
Rectangles are neutral patterns without a break of a trendline.
Retests of the trendline are common.
The top and bottom trendlines are marked.
No recommendation
I think maybe my outlook contains too many shorts for most to swallow.
I do not get a lot of "likes" as of late so I will cease to analyze publicly unless I feel it is very strong,.
If you would like me to look at a security for you, just message ,me.
Other than that, fend for yourself and be safe.