We seem to be painting either a descending triangle or a symmetrical triangle. The descending triangle would suggest we are in a distribution formation while the symmetrical triangle hints at a continuation pattern. One ends up at 50k and the other shows us hitting 18k. We are going to have to monitor this closely for the next week. I am interested in which support levels are hit. Happy trading.
Note
217 blow off top Note
2019 blow off top Note
2016 blow off top that started the parabolic run of 2017. Look how deep the correction. We could lose most of these gains with ease. 
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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.