Daily chart review 3-9-25
I see a bull flag wedge, with nested wedges as well, and a tight bear channel down. This week could see a push up from a double bottom to test prices above.
Friday's reversal bar is the 3rd attempt for bulls to reverse this trend, increasing the likelihood
of a significant pullback from this bearish channel. This week, I expect bullish action before trend resumption downward. The lower probability event would be a large
bearish breakout from here, which could be powerful and lead to 1-2 more legs down.
I see a bull flag wedge, with nested wedges as well, and a tight bear channel down. This week could see a push up from a double bottom to test prices above.
Friday's reversal bar is the 3rd attempt for bulls to reverse this trend, increasing the likelihood
of a significant pullback from this bearish channel. This week, I expect bullish action before trend resumption downward. The lower probability event would be a large
bearish breakout from here, which could be powerful and lead to 1-2 more legs down.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.