Looks to be a bullish pennant forming. It is trading above green ichi cloud and CMF volume indicator shows substantial buy pressure. If it breaks resistance at my circle this is confirmation it will continue to rise.
This also shows the characteristics of a bullish pennant because the volume has tapered off and the pennant pattern formed immediately after a large spike in price.
LASTLY: Within the pennant is a rising wedge which is a reversal pattern. If it bounces off the resistance level it will move down to my purple support line (which would be a great entry) - Just wait for confirmation
This also shows the characteristics of a bullish pennant because the volume has tapered off and the pennant pattern formed immediately after a large spike in price.
LASTLY: Within the pennant is a rising wedge which is a reversal pattern. If it bounces off the resistance level it will move down to my purple support line (which would be a great entry) - Just wait for confirmation