The below are the 3 scenarios i see playing out due to us looking to be at the end of the third drive up.
(Green) Bit of an odd one due to the $1000 level being broken.. it could prove to be support and effectively has done twice already when tested. The longer it takes the more likely those who are expecting a pull back are going to give up and push price back...
Here I am showing the community how I use a Renko bar chart. Users of Trading View can draw Trendline, Pitchforks, Fib Extension etc etc then switch back to a traditional price chart and traders will have possibly reduced guesswork on where to anchor drawing tools. A perfect example of how a Renko bar trendline can simplify technical analysis is the green line...
