After we fell out of the Covid channel with a solid double top we began a down trend after months of whiplash and bull traps we finally got a first leg down and gave us our first low. After another few legs down and monster gap days the trend finally started to show its face. I feel that this is a solid descending triangle that will give us another leg down to the 360-350 area which is the 50% fib. Maybee we can get a significant bounce that will get us back on another trajectory, or at least stop the bleeding. Happy trading ✌️
After we fell out of the Covid channel with a solid double top we began a down trend after months of whiplash and bull traps we finally got a first leg down and gave us our first low. After another few legs down and monster gap days the trend finally started to show its face. I feel that this is a solid descending triangle that will give us another leg down to the 360-350 area which is the 50% fib. Maybee we can get a significant bounce that will get us back on another trajectory, or at least stop the bleeding. Happy trading ✌️