Short-term analysis.
We're in an ascending wedge -- which is inside of a long-forming descending wedge, but is the first time we've seen this kind of sustained bullishness like this, at this point in the cycle, in a long time.
It's looking promising that we could break out soon. But it's also a critical moment, we could go down further and re-test the bottom of this ascending wedge.
Medium and long term views coming up...
We're in an ascending wedge -- which is inside of a long-forming descending wedge, but is the first time we've seen this kind of sustained bullishness like this, at this point in the cycle, in a long time.
It's looking promising that we could break out soon. But it's also a critical moment, we could go down further and re-test the bottom of this ascending wedge.
Medium and long term views coming up...
