We formed another lower high, and unfortunately, no recovery rally has commenced.
The downtrend/triangular Structure continues.
Instead of continuing down first, I am still biased toward having a relief rally before we are to see 20k and below.
Right now we are still low volume and sideways.
Posting this as an update to the long call that I'd made on the temporary short term trend break.
We shall see what happens next.
Thank you!
The downtrend/triangular Structure continues.
Instead of continuing down first, I am still biased toward having a relief rally before we are to see 20k and below.
Right now we are still low volume and sideways.
Posting this as an update to the long call that I'd made on the temporary short term trend break.
We shall see what happens next.
Thank you!
Trade active:
taking another crack at resistance/downtrend
Trade active:
as the triangle appears now - it will be a 30% recovery rally - which is very near the 20 week MA.
Trade active:
Looking Bullish Continuation-ish
Trade active:
If they pull this back, I think that 36-37k might be good entry for this potential rally.
Trade active:
back down to 33k first?
