We are currently in a Bear Flag .
BULL POINTS:
- Volume Divergence on 1 Day
- Broken back up into 4 Hour Bull Trend
BEAR POINTS:
- Bear Flag with 1 Day resistance (where we are currently at) with low volume .
- On our Volume indicator, we are nowhere close to breaking out.
A break up from this pattern could mean a retest of 52K . If we don't break it's likely we can drop to 28.9K - 32K - somewhere around here and range for a while.
BULL POINTS:
- Volume Divergence on 1 Day
- Broken back up into 4 Hour Bull Trend
BEAR POINTS:
- Bear Flag with 1 Day resistance (where we are currently at) with low volume .
- On our Volume indicator, we are nowhere close to breaking out.
A break up from this pattern could mean a retest of 52K . If we don't break it's likely we can drop to 28.9K - 32K - somewhere around here and range for a while.
1D rejected at Blue Line