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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.