Price is forming a descending triangle. My overall bias is that the market is bearish and will sell off. Strong bearish push on the daily candles as well. The rest is pretty simple, price is ranging in channels but for day traders this would be the perfect trading setup once price breaks the triangle for confirmation of course. Wait for retracement for COMPLETE confirmation and boom.. we have a winner!
We might honestly have a rally or 2 back to the upside, before the break. I know the bulls aren't going out like that lol...
We might honestly have a rally or 2 back to the upside, before the break. I know the bulls aren't going out like that lol...