GAS Fractal & Pattern Analysis Show a Potential for Trend Reversal
Overall, GAS/BTC price is moving sideways but within that channel is a pair of fractals and the first could provide a peak around the corner for next probable step assessments. As price brokeout of the first downward wedge, the second blue fractal could be about to do the same. There was a five wave up rise from the first fractal and closer look at the subwaves could indicate the early signs of a trend reversal.
The blue fractal can be labeled with the abc (red) and the c wave sub-labled into fives. All five waves seem complete. IF the current move is a breakout; then an impulse must complete to provide the first signal of a trend reversal. Then, after a minor correction, a second full impulse needs to be placed. Those are the conditions to call a trend reversal.
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