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!
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taking another crack at resistance/downtrend
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as the triangle appears now - it will be a 30% recovery rally - which is very near the 20 week MA.
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Looking Bullish Continuation-ish
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If they pull this back, I think that 36-37k might be good entry for this potential rally.
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back down to 33k first?
