This is what the japanese call SAN-KU, or in english three gaps. This is a bearish setup in an uptrend.
Along the san-ku, we also have an island reverseal pattern, which is a very powerful reverseal pattern.
Weekly chart looks really bearish.
All notes on the chart.
IMO the uptrend is over and it is time for a correction or a consolidation ( probably a correction beacause of the powerfull bearish patterns outlined)
Along the san-ku, we also have an island reverseal pattern, which is a very powerful reverseal pattern.
Weekly chart looks really bearish.
All notes on the chart.
IMO the uptrend is over and it is time for a correction or a consolidation ( probably a correction beacause of the powerfull bearish patterns outlined)