Support holding in at 1k as we form into another short-term triangular pattern using the lower second long-term pattern trendline (green) as first point of resistance.
A bullish breakout could align us with initial cup-and-handle pattern, which would ultimately be an ascending triangle fill out with resistance around 1200-1250.
If this does occur we could expect consolidation to continue into late July (~7/20) before another major volatile phase.
A bullish breakout could align us with initial cup-and-handle pattern, which would ultimately be an ascending triangle fill out with resistance around 1200-1250.
If this does occur we could expect consolidation to continue into late July (~7/20) before another major volatile phase.
