If this is drawn correctly, and for now is speculation, this could turn into a potential rising wedge here or channel. If we end up seeing a rejection and sellers starting to come in, which on the weekly haven’t seen come in yet, this could give spy time to considlate/ turn into a smaller timeframe downtrend.
If this occurs it can give a great chance for spy to come back and retest key support. This could lol like a falling wedge or some type of flag if we can head down towards 421-413 at the lowest depending on how long it would take
This is my idea for now. If we push up again for another test of the rising reistance upper reistance between 445-443 depending on when we move up next. If we go down from here then by end of august is 417
And middle of July is 413 so the support depends on how long it took to reach
If this occurs it can give a great chance for spy to come back and retest key support. This could lol like a falling wedge or some type of flag if we can head down towards 421-413 at the lowest depending on how long it would take
This is my idea for now. If we push up again for another test of the rising reistance upper reistance between 445-443 depending on when we move up next. If we go down from here then by end of august is 417
And middle of July is 413 so the support depends on how long it took to reach