On the 4hr chart we've created a nice Bullish Pennant, but we need confirmation before setting a trade up. As we enter Wednesday morning we will begin to get an idea of the path we will be heading into the week.
If we are able to break above the Pennant pattern we may head towards .005 nearing Thursday afternoon, with that being said now would be a solid Buying Opportunity if you're looking for a Day/Swing Trade.
On the flip side, we could fall below this Pennant & head down to the .0036 resistance which would be followed by a Consolidation phase heading into Thursday.
If we are able to break above the Pennant pattern we may head towards .005 nearing Thursday afternoon, with that being said now would be a solid Buying Opportunity if you're looking for a Day/Swing Trade.
On the flip side, we could fall below this Pennant & head down to the .0036 resistance which would be followed by a Consolidation phase heading into Thursday.
