calm before the storm???

The inverted cup and handle that I mentioned on my previous post played out nicely as expected. The price is now stalled slightly above the lower trendline and moving within a very tight range - a sign that a big move is imminent.

Below is the hourly chart as of New York closing (5 am Malaysia)

Meanwhile, a bearish pennant is developing on the daily chart (see below). The chart is whispering loudly on the next direction. To know which direction that the beast will take, learn more here and here.


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