I think we're looking for a new floor around $2,600-$2,700. Low $2,000's seems like a bit of a stretch to me.
Note
Continuation pattern formed: symmetrical triangle, going down
Note
If it keeps going up to around $4400 then its possible we are in bull trend, but right now it just touched the resistance and a rising wedge has formed. Keep an eye on the markets
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.