Im leaning bullish since its starting to follow the upward 1/1 gann fan... target is 8k if it holds above orange level
Lets see how this plays out... Will it fall back into the OLD descending triangle? Was this just a 24 hour Short Squeeze? (MANIPULATION?) Will we bounce off the top of the blue triangle ... or test the bottom of both triangles? STAY TUNED!
looks like we broke out of the small descending triangle ...but it looks like we are forming a much larger one. The breakout from the small triangle appears to be a short squeeze... the trend is still bearish in my opinion. Waiting for confirmation before I make a move.
8K may not be the bottom.. may try to test previous swing low