Triangle action here and daily EMA30 blocking the way. More sideways action expected here.
Short term down
Long term let triangle to show us
Short term down
Long term let triangle to show us
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Triangle resolved upwards
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Look for daily close. If close below 30EMA it will go back down
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Price may be forming rising wedge here which is usually a drop pattern. That's my view for now
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It's a guessing scenario at this point but I'm considering something like this if they would want to retest the breakdown level of previous H&S pattern
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Observe the daily cloud to see where this is going short term
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The only trendline I'm interested in right now
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This is inverted daily chart for some different perspective. Just speculating here but it can form triangle or some consolidation like this
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If drops (goes up) here. Inverted chart idea
...if they start to paint a "build up" under resistance like this then it has bigger chance to break through the ceiling