Upper blue trend line is the same as the one on the daily triangle in the linked post. In order to break this downtrend we need a close above this line and the yellow SMA (the 300 SMA on the 4hr aka 50 daily)
Additionally, watch this channel we've been forming as a breakdown will likely lead to an even larger more extended break to the downside. See daily descending triangle post.
Additionally, watch this channel we've been forming as a breakdown will likely lead to an even larger more extended break to the downside. See daily descending triangle post.
