These aren't the Droids you're looking for!

Dear Reader,

On the hourly, we have a symmetrical Elliot Wave triangle atop a flag pole.

Will it break upwards? .. seems rather likely right now !
Am I still bearish? ... YES !!!

I believe a trap is being set as indicators are still showing bearish momentum and lower time resolutions confirm.
These are treacherous waters ... best stay out for the time being.

Kommentera:

Looking at the 4 hourly chart, this pattern has manifested as a bull flag at the top of an ascending wedge. It's really weird stuff !!