Yes, we are in the middle of something, let me explain.
we have a well formed rising wedge that is a bearish pattern, inside of an giant bull flag in theory we should se that pattern ending but that pattern is inside of 3 symmetrical triangles, one confirmes another 2 close to be confirmed, the symmetrical triangle is a reversal confirmation, so we should see a continuation for the uptrend.
Green arrow point to the symmetrical triangles
Blue arrow point to the giant bull flag
Orange point to the wising wedge
If for some reason the rising wedge was the winner the next week, could take us 45% down from here.
But if the symmetrical is the right pattern and we are watching a trend change, we should see to complete the bull flag with more than 50%.
I think that because the giant bull flag is too old, the symmetrical triangles are dominant and we should se the up trend continuation.
we have a well formed rising wedge that is a bearish pattern, inside of an giant bull flag in theory we should se that pattern ending but that pattern is inside of 3 symmetrical triangles, one confirmes another 2 close to be confirmed, the symmetrical triangle is a reversal confirmation, so we should see a continuation for the uptrend.
Green arrow point to the symmetrical triangles
Blue arrow point to the giant bull flag
Orange point to the wising wedge
If for some reason the rising wedge was the winner the next week, could take us 45% down from here.
But if the symmetrical is the right pattern and we are watching a trend change, we should see to complete the bull flag with more than 50%.
I think that because the giant bull flag is too old, the symmetrical triangles are dominant and we should se the up trend continuation.