Quite possibly the ugliest flag pole
formation I've ever seen.
Ruled out it being a head and
shoulders due to it not retesting
the October lows. The wedge's
trendlines have enough touches
and rejections to convince me of its
TUNNEL VISION/LONG TERM BIAS: BUYS
The monthy timeframe hints at a bullish run, the weekly and the daily forms what seems to be a potential supply/demand zone. While the 4H chart reveals what is a 3 month consolidation at this level. For now based on the structure of the hourly chart, I'm learning towards short term sells given the strength of this level previously as well as the candlestick...
Here we have a better view of what's taking place in the channel, it successfully retested the trendline of the previous downtrend, this year and continued to make strides upward. The new channel I have marked up shows that it has not broken any rules in the Elliot Wave principle.