#PANR #PantheonResources – It's about to move, but which way?
Impossible to call the next move other than to say it will happen within the next few hours – but is 50/50 up or down. Unfortunately a symmetrical triangle has no continuation or reversal bias.
1. Break up – this will then likely proceed higher on a W3 move
2. Break down. Then we have two possibilities:
i. W2 continues down to 78.6% retrace, before W3 starts northward.
ii. The whole bounce was a dead cat one and it continues southwards.
For anyone wanting to trade this, look for the key areas and wait for a move before entering, would be my recommendation.