personthing19

personthing19

These descending wedges usually break down then bounce up.

personthing19

Expect to return to 9k for test of resistance before attempting sum 7k

personthing19

Expecting support to show up with healthy buy volume between 7.5-8k.

personthing19

Expect some ranging 8-9k follow by a potential exploration of 7k's (60% likelihood of 7ks's).

personthing19

Expecting another pullback (55% chance only) before testing sub 9.4k.

personthing19

10.4k resistance confirms local down trend. Expect to break back inside wedge shortly (<48 hours).

personthing19

This wedge is not done, expect a retest of the bottom support.

personthing19

.382 retracement complete, not expecting more than .5 retracement to ~10k before dumping again.

personthing19

Expect another dump to test 9.4k in coming days.

personthing19

Still getting lower highs ergo bears are in control. Expecting the current upleg to retest 10.4 region once more before dumping. down to test 10k.

personthing19

Still expecting a dump to low 9ks, though at this rate, may get another bullish fakeout as this seems to be popular before dumps.

personthing19

We are above wedge but still getting lower highs. Expect this to be another fakeout to shake weak shorts before plunging into 9k's again.

personthing19

Possible retest of 10.5 region, but if so rejection is probable 80%+, we are in a definite down trend on multiple time scales. Expect another plunge into 9k's within days.

personthing19

Expecting a test and break of support at 9k, finally, within a week.

personthing19

Most likely this is a fakeout. Still weeks left to go in large wedge, expecting to fall back inside.

personthing19

May attack .618 retracement (as it did for previous leg), before reversing to the downside.

personthing19

Look for failure at 10-10.2 resistance / top of wedge. Expecting break below large wedge below breaking up. This is a fractal pattern used on smaller time scales on previous analysis.

personthing19

Buy volume finally came in but was rejected. Expecting breakout into larger wedge, possible retest of 9.4k first though.