Bear Pennant Re-Test Confirmed
Updated
Stoch RSI in overbought territory on the daily. CCI changing direction towards lower end. Re-test of touch bottom of Bear Pennant on low volume. I believe we will be going down to 20k. I do think it will be a short trip and will rebound quickly out of the 30k and range trade for a while and maybe a retest and lower. If we cross 32k then this idea is invalid. Plenty of opportunity for discounts coming in IMHO. Not financial advice. Entertainment only.
Note
INVALID IDEA....we crossed 32k yesterday...still think we are headed down, but this idea was a fail
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