personthing19

personthing19

Expect ranging between 10.8 and 11.2k. Close under 10.8k invalidates, any close above 11.k validates.

personthing19

Expecting one more attempt at breaking bullish in short term. Invalidated with daily close under 10.8k

personthing19

Expect test top of wedge.

personthing19

Descending wedge has occurred frequently on lower time frame with fake out down followed by small pump. Perhaps this is a scaled up fractal of that structure. Subsequent extension to wedge based on wicks rather than bodies would be unsurprising.

personthing19

10.8-11.2k region looks ripe for retesting. Close above 11.5k invalidates.

personthing19

Descending wedges, dump then pump.

personthing19

Expect retest of ~11.5k, rejection to downside is probably. Note confluence of .382 and .236 fibs of both recent legs.

personthing19

Descending wedge to break up and retest resistance at 11.5k, expecting rejection there.

personthing19

We now have a local lower low. Expect retest of resistance at ~11450, followed by breach of 11k.

personthing19

Expecting retest of 10.4-10.8 support region.

personthing19

Bull flag to break up and get rejected at ascending wedge resistance to form a large double top for reversal to the downside.

personthing19

Expect retest of triangle support and resistance, with likely resistance at intermediate box as well.

personthing19

Symmetrical triangle bullish continuation forming. Close below bottom support for invalidation.

personthing19

Expecting short term retest of wedge support.

personthing19

Bearish rejection volume is more impressive than Bulls. Also, ascending broadening wedge is usually a continuation pattern. Expecting break down to 11k. Invalidated with another close above wedge.

personthing19

Looks like teasing before a drop. Close above 12.4k invalidates.

personthing19

Probable test of ascending broadening wedge support in the next day.

personthing19

While bears have finally shown up, the rejection was clearly absorbed quickly. A breach of 11.5k would signal a reversal to the downside, while more ranging would signal another impending attack of 12k. A close below 11.67 would also be bearish.