Caveat, relatively new to charting.
That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.
the breakdown most likely will bottom at older fib resistances, towards 8500.
That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.
the breakdown most likely will bottom at older fib resistances, towards 8500.
Note
expect a bumpy ride down, with stops at 10K, and 9.2k and more.Watch out for bull traps.
I am mostly shorting this until we bottom out :)
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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.