Bearish Biased on this one unfortunately. Don't know what the future holds but I drew some shapes to help us navigate this mess.
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The price followed the blue line and after meeting the orange sine it started following it. We are at the rectangle zone which could be a resistance level. Don't know if the blue sine is relevant in this picture for the future.
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I added a vertical time stamp at the circle in case something interesting pops up there. In the future.
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Short update.
After a dizzy ride with the orange and blue double curves and the rectangle, gilt finally went down. We are at the ellipse and I don't care if it matters. Looking forward to see what happens at the circle time stamp.
After a dizzy ride with the orange and blue double curves and the rectangle, gilt finally went down. We are at the ellipse and I don't care if it matters. Looking forward to see what happens at the circle time stamp.
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Second Bounce at the Ellipse
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Nice rebound at the ellipse.
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To be honest don't know if it drops from here. Looks a little stuck :)
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I didn't see it coming. The candle at the circle line and the big long candle parallel to the rectangle :)
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