![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### This morning I told you if price rises above $6,300, I’d start to have a more bullish outlook...at least short term. It looks like a possible descending broadening wedge (Bulkowski’s wedge) MIGHT be forming. If correct, this is a bullish reversal pattern. 
![Screen Shot 2018-08-14 at 5.55.42 PM.png](https://cdn.steemitimages.com/DQmUx5teB1WV6ViyVcozfhBTrE1eV8rEtm5a8pjc675jVkv/Screen%20Shot%202018-08-14%20at%205.55.42%20PM.png)
![Screen Shot 2018-08-14 at 8.01.58 PM.png](https://cdn.steemitimages.com/DQmUQFJDfqrkPpS4bdbzKg8xUpxycxAXbZnEdoqxXeQMLJY/Screen%20Shot%202018-08-14%20at%208.01.58%20PM.png)
### I pointed out in this mornings video that the $6,280 resistance is also the 0.618 fib of this latest microstructure. A break above this zone may result in a rise to at least the $6,600 target. A strong rejection off the 0.618 fib will likely result in a retesting of the $5,850 support.
![Screen Shot 2018-08-14 at 8.05.48 PM.png](https://cdn.steemitimages.com/DQmVEPCX9qmwicmhGyua8fU9kcWCV9jMkNo9DzkPrXqbuVY/Screen%20Shot%202018-08-14%20at%208.05.48%20PM.png)
### In tonights video analysis, I discuss price movement in the long and short term, traps to avoid and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/0qr9W_1fqsg
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.*
### BIAS:
**Short Term: Slightly Bullish**
**Longterm: Very Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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