I feel once this bear flag breaks to the downside the likeliness of us falling fast to 10k becomes very probable..
also using the trend based fib extension going from 2nd last previous top, to previous low, to previous top gives me a target of 10.4k which also lines perfectly up with the bottom of the downwards wedge we are in
just my thoughts
also using the trend based fib extension going from 2nd last previous top, to previous low, to previous top gives me a target of 10.4k which also lines perfectly up with the bottom of the downwards wedge we are in
just my thoughts
Comment:
also on top of all that, the weekly looks like its getting hard rejected
