Nothing major really just yet. 4HR has fallen below the track line again, but notice how the Phantom is weak. And the Daily did not confirm the reversal after the bounce yet so we are looking for one of these 3 outcomes from here: a) a confirmed bottom or bullish reversal signal to flip the trend into a v-shaped recovery b) a Stage 1 basing pattern that begins to go sideways before flipping the overall trend (officially), or.. c) a continuation of the Stage 4 downtrend from here 🤌
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Nothing major really just yet. 4HR has fallen below the track line again, but notice how the Phantom is weak. And the Daily did not confirm the reversal after the bounce yet so we are looking for one of these 3 outcomes from here:
a) a confirmed bottom or bullish reversal signal to flip the trend into a v-shaped recovery
b) a Stage 1 basing pattern that begins to go sideways before flipping the overall trend (officially), or..
c) a continuation of the Stage 4 downtrend from here
🤌