Neutral until broken.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
Comment:
This triangle is being pushed in to the nose and ill eventually bust.