with a measured move to $35.8
The 4H 200ema and daily 12ema as well as the descending channel resistance are confluent at $43 offering stiff resistance to the price. Rejection at $43 will form the next shoulder.
This scenario is slightly deviating from the bear flag idea below.
The 4H 200ema and daily 12ema as well as the descending channel resistance are confluent at $43 offering stiff resistance to the price. Rejection at $43 will form the next shoulder.
This scenario is slightly deviating from the bear flag idea below.
