Slight double-bottom formation to potentially trigger a breakout on this downtrend; neckline seems to be around 4k as 4120 is beyond pattern resistance zone.
Second blue line added to show downtrend high (versus extreme high) which could create some more sideways action if 4k resistance doesn't budge.
Quick correction to 3800-3850 range is possible. Support at the lower trend is holding (another test 12/18 00:00) which is a good sign.
Second blue line added to show downtrend high (versus extreme high) which could create some more sideways action if 4k resistance doesn't budge.
Quick correction to 3800-3850 range is possible. Support at the lower trend is holding (another test 12/18 00:00) which is a good sign.
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Related publications
Disclaimer
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.