It could be a false breakdown and If so, we should see a rally soon over 16500. If not, the traditional bear pennant target would be about 10500 area. That would be a very large move, so it would likely be tied to another news event and margin calls. Good luck!
Comment:
lower monthly BB is currently at 9500area, another possible target area
Comment:
backtest of breakdown area - it's important for bulls to push back into and hold the lower trendline
Comment:
so far still struggling with that line
