Waiting for the possible bounce around 7.6k
Updated
Refer to my prior chart, but the daily still has us heading down. The 15min showed a bearish pennant that we have seen so many times this month.
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Still forming
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Bear Pennant fired. Still on the way down.
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Second Bearish pennant formed last night and now we're looking for a push up. I am skeptical to enter unless we break the 8500 downtrend on the 15 minute chart (left).
We're still heading down according to the daily.
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Bear Channel broken on the 15, we're on our way to test the upper line again around 8800. I'm entering now and see where we're at up there.
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Bullish Pennent formed on on the 15. MACD on the 5 looks good to me so I increased my buy.
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Pennant popped and now finding resistance at the 200 MA.
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We are heading towards that 7.6-7.7 bounce point. If we do not bounce then I'm preparing to head back down to 6.9k.
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