Total2 still leaning bullish

2 Şub 2020

lots of bullish pattern convergence happening on multiple timeframes here...the probability overwhelmingly favors at least a short term bull run here..but when it is this overwhelming we always have to consider a fakeout. Despite that I'm leaning long enough to mark this idea long even though a fakeout is very much still in the cards. Patience is key here. The big 3 bullish patterns are this inverse & shoulders, the bull pennant inside it's right shoulder and the impending golden cross...its also abhove key resistance lioes as well as important mas from the weekly chart. Really the most bearish thing it has going for it is that its so bullish that it could be a fakeout. Again, patience is key.

2 Şub 2020

Not

I expect some significant resistance at the 96B horizontal and anticipate a correction or retracement after reachign it but it may be a very brief correction.