Being more of a currency trader and less of a stock trader, the question of what do you see here is sincere.
Here's what I see:
1. A massive rising wedge (reversal pattern)
2. Two well established levels, 17,050 and 15,350
3. There are some monster fib levels down below as well.
I don't know what all this means but I think we can see some big arguments being made for at least a medium move down if 17,000 breaks.
Here's what I see:
1. A massive rising wedge (reversal pattern)
2. Two well established levels, 17,050 and 15,350
3. There are some monster fib levels down below as well.
I don't know what all this means but I think we can see some big arguments being made for at least a medium move down if 17,000 breaks.
Jared Johnson
Union Hedge Funds
Union Hedge Funds