I get the sense that many people are going to misinterpret the grey area of this post...

Yes, it's a bullish setup.

No setup, bullish or bearish, is guaranteed to work.

In fact, the failure of a bullish setup is inherently bearish.

I don't know what happens here.

I know how to interpret it...

If the blue zone holds as support and produces a flag breakout, then that's bullish confirmation and implies a return back towards the mid-$90k's.

If the blue zone doesn't hold as support and the flag breaks down, then that's a failed bullish setup and implies a return back to the lower-bound of the multi-month consolidation range... basically sub-$66k.

Which one happens?

Your guess is as good as mine.

Like I said, I only know how to interpret it once the market gives us a hint.

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