Short-term Prediction

20 oct 2021

Just an idea put together from previous trends, not going to take this to the bank but I thought I would share what I'm looking for. If we continue the uptrend I think this is what it'll look like. We have a sideways channel, we then break above the channel for a bull trap, break below for a bear trap and then a break to the upside. We have done this a couple times in the last few weeks but obviously if we have a momentum shift to the downside this is invalidated. We are, of course, going against some pretty heavy resistance compared to what we have been dealing with previously.

As always like and comment your ideas below thanks everyone!