Triangle predicted dip to 30k-38k range in MARCH. What's next?
Breakdown from ascending wedge, a bearish indicator, was flawlessly predicted in March. What's next? We are now in another triangle. This pattern is more of a tossup in terms of predicting breakout direction -- but since it's happened after a downward trend, it's also likely to break DOWN. Hate to break it to you the predictions of a dip back to 20k are realistic. That said, these are very easy and reliable patterns to follow. If we have a legitimate breakout to the good, we're headed back to the 50s. Come on, bulls -- do your thing!
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