The bearish breakout from the wedges is not unexpected. I'm now relying on horizontal supports which are shown drawn at 10.9, 10.6 and 10k. We're pretty low on the MFI (4hr) and I'll wait for the chart to drop to another lower low, hopefully at 10.6k rather than 10k, while the MFI diverges upward, as my buy signal for the dip.
The MFI is very high on the daily so for healthy growth, I'd like us to go sideways for a few weeks. I'm hoping at the beginning of September we have a bullish breakout from the larger wedge.
The MFI is very high on the daily so for healthy growth, I'd like us to go sideways for a few weeks. I'm hoping at the beginning of September we have a bullish breakout from the larger wedge.