On the bearish side: We got the big red downwards trend.
On the bullish side: We got falling wedge, green uptrend and a little cup and handle to the right.
It's getting squished into a triangle - now or tomorrow morning should be the final call.
Stop: If the wedge fails and the red dotted line fails (one of the last supports from dec.) I go bearish and surrender my stop losses.
Potentially it could go down to 90 or even 85 and bounce from there - but I don't wanna chase that...
On the bullish side: We got falling wedge, green uptrend and a little cup and handle to the right.
It's getting squished into a triangle - now or tomorrow morning should be the final call.
Stop: If the wedge fails and the red dotted line fails (one of the last supports from dec.) I go bearish and surrender my stop losses.
Potentially it could go down to 90 or even 85 and bounce from there - but I don't wanna chase that...