Broke Fan channel support. Likely to bounce around the new channel but overall bias is currently bearish.
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Seems like we'll be drifting downward to find a new level of support. Likely the 2400 then 2200 areas with bounces between.
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There's the 2200 support. Bounce time before 2000.
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And there's the dump to 2050. Notice how it's respecting these gann lines at every bounce. Support levels suggest a potential bounce back to ~$2,250 before heading towards $1,850.
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Approaching the re-short zone. Ready your orders. Could go as high as 2400 here, but expected fan rejection at that level.
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Watch this bounce. If this inverse head and shoulders is rejected, I fully expect a retest of the 4/1 gann. A failure at that level takes us to the 1400-1500 range (8/1 gann).