Purple trendline providing support is the same drawn on the bull flag chart from yesterday. This pattern is still undecided. I keep getting nervous holding on to this position, but bears have had tons of opportunities. They haven't been able to take out the momentum around $300.
However, they did break the purple trendline with a low candle printed at $295. It bounced back, but still this is the first time for this pattern where a lower low stuck.
I'm watching this so closely. I still think there is some potential for a breakout. The coiling and the slightly modified pattern I drew in green still have potential I think.
If the new pattern breaks I will definitely close.
LOL, pretty much universal feeling for the long holders and the shorts have the same but opposite wants. So we are kind of running neutral,
Best of luck! And nice chart by the way. :) bull run !
Best of luck! And nice chart by the way. :) bull run !