Ascending Wedge/Potential Fractal

19 Nis 2018

Bearish Scenario: Breaks down support at $8100
Bullish Scenario: Confirms support at $8100
Very Bullish Scenario: Breaks up from wedge

21 Nis 2018

Not

I was expecting a fakeout down before it pumped, if the fractal worked out as planned. However, this does look strikingly similar to the price action from 4/15-4/16. This is starting to show signs of a true reversal, with the price still holding up rather well. Let's see if it can hold through the weekend. If so, it looks like we may have another bull run on our hands!