Not drawn too well but you get the idea, 4 shoulders 1 head - a Monstor
It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?).
I would expect a lower high relative to $8500 however to form an equilibrium pattern that will last for the rest of the year (similar to 2015).
It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?).
I would expect a lower high relative to $8500 however to form an equilibrium pattern that will last for the rest of the year (similar to 2015).
Note the bullish divergence on the RSI between 8th-14th Aug.
4HR tightening equilibrium currently playing out. You know what to do.