Updated descending triangle
Updated
Lines where to sharp on previous publish..
Red line is the 100MA weekly.
It might break next time they test it..
Target around 7k little below the 0.618.. probably dipping below there because many will want to 100x exactly on that line..
If unable to break the 100MA and a bounce will get above descending line...
Target for longs is 8500.. 0.5fib
I shorted the blue line for now, but will swap if bears are unable to break 100MA on weekly
Red line is the 100MA weekly.
It might break next time they test it..
Target around 7k little below the 0.618.. probably dipping below there because many will want to 100x exactly on that line..
If unable to break the 100MA and a bounce will get above descending line...
Target for longs is 8500.. 0.5fib
I shorted the blue line for now, but will swap if bears are unable to break 100MA on weekly
Note
Descending line broken. Took small losses and swapped to long :)
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