Daily chart review 3-9-25
I see a bull flag wedge, with nested wedges as well, and a tight bear channel down. This week could see a push up from a double bottom to test prices above.
Friday's reversal bar is the 3rd attempt for bulls to reverse this trend, increasing the likelihood
of a significant pullback from this bearish channel. This week, I expect bullish action before trend resumption downward. The lower probability event would be a large
bearish breakout from here, which could be powerful and lead to 1-2 more legs down.
I see a bull flag wedge, with nested wedges as well, and a tight bear channel down. This week could see a push up from a double bottom to test prices above.
Friday's reversal bar is the 3rd attempt for bulls to reverse this trend, increasing the likelihood
of a significant pullback from this bearish channel. This week, I expect bullish action before trend resumption downward. The lower probability event would be a large
bearish breakout from here, which could be powerful and lead to 1-2 more legs down.
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