On the daily we have a bearish engulfing candle, with bearish divergence.
Currently on the Weekly it does not look so great, but it has not closed yet so who knows, but so far it looks very bearish. We even having a bearish divergence forming on the weekly. so on the log scale this wedge may break ,but I'm not a mega bear, so I think this support area should hold if the wedge does break.
Currently on the Weekly it does not look so great, but it has not closed yet so who knows, but so far it looks very bearish. We even having a bearish divergence forming on the weekly. so on the log scale this wedge may break ,but I'm not a mega bear, so I think this support area should hold if the wedge does break.
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