This has the potential to blow thru both 20MA & 50MA on the 4H. Will not be surprised if we get back in the game for a couple of days because of it.. Mid-term is still down...
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This is forming quite nicely actually, maybe it is happening -- will be one hell of a squeeze..
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Friendly advice ;) If you're short - cover now, thank me later
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sssssssssqueeze time - count to 100..
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I believe this will prove to be a perfect storm for the shorts :) Exchanges love to take your fees and even liquidate you They will push up tonight and make it happen
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We break up above the triangle - this turns into a squeeze. Do not fall asleep if you're short here.