I feel once this bear flag breaks to the downside the likeliness of us falling fast to 10k becomes very probable..
also using the trend based fib extension going from 2nd last previous top, to previous low, to previous top gives me a target of 10.4k which also lines perfectly up with the bottom of the downwards wedge we are in
just my thoughts
also using the trend based fib extension going from 2nd last previous top, to previous low, to previous top gives me a target of 10.4k which also lines perfectly up with the bottom of the downwards wedge we are in
just my thoughts
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.