As above so below. I have put the hourly price action neatly into a descending channel. I have seen this interpreted as a falling wedge as well. But, I am looking at wicks too. They often get confirmed insofar as they can broadcast potential channel development. I have an alarm set on trend line A. If this breaks with a nice impulse candle then the upper CME gap...
Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily.