CRABBING CONTINUES

Price action has been crab walking for the past 6 months. this broadening wedge has been violently tested through the blue resistance and purple support lines. We can only say we are still in a bull market if price manages to break and close above the blue resistance trend line. breaking down and closing below the purple support line imo is an indication of a bear market. for now we have had a nice reversal pattern formed, but reversal patterns can be deceptive sometimes if higher highs are not seen in price action,