Our Nov. 25th Inverted H&S took us to $7850 Before Forming a new top resistance line for a symmetrical Triangle.
Neither Wicks On Dec. 4th broke this Symmetrical formation and we've continued to bound up and down as Volume has tapered off.
A Measured Move Break Out Would Take Us North Of The 2019 High Descending Resistance line of our channel if the bulls take control.
A Bear Move Would Technically keep us within the channel but exhaustion at that point would more then likely lead to Sub-6k prices.
With the Symmetrical Triangle Almost being full and Dec. 9th marking the weekly golden cross, expect this move within 48 hours.
Neither Wicks On Dec. 4th broke this Symmetrical formation and we've continued to bound up and down as Volume has tapered off.
A Measured Move Break Out Would Take Us North Of The 2019 High Descending Resistance line of our channel if the bulls take control.
A Bear Move Would Technically keep us within the channel but exhaustion at that point would more then likely lead to Sub-6k prices.
With the Symmetrical Triangle Almost being full and Dec. 9th marking the weekly golden cross, expect this move within 48 hours.