Rejected trying to get out of this long descending wedge and to add misery here, it has formed a fairly perfect Head and Shoulders pattern which looks complete now.
So watch to see if it can hold on the blue line now or will it continue down the wedge.
Ultimately this is not bullish until it breaks out of the wedge and holds above the wedge line, as always.
erich smith
2023-08-07 18:38:10 +0000 UTC