After several days of crazy movement, the gas is now forming a consolidation in a relatively high place, either could be a reversal or a continuation pattern.
1, personally, i prefer this is a trend continuation , what it does right now is a flag .
2. could be a reversal, cuz the RSI is dropping and gives us a overbought signal.
however, remember, we never guess the market, we trade what we see. if the price break the small trend line, wait for the confirmation and then trade, be patient and good trade.
1, personally, i prefer this is a trend continuation , what it does right now is a flag .
2. could be a reversal, cuz the RSI is dropping and gives us a overbought signal.
however, remember, we never guess the market, we trade what we see. if the price break the small trend line, wait for the confirmation and then trade, be patient and good trade.