This is just an idea i will be watching. After closely following the top 2 descending triangles, i feel it is reasonable to assume we may form a local bottom here at 7500 over the next few days.
I've drawn the red and green lines to highlight a possible bullish and bearish scenario.
I was expecting the bottom of the new triangle to form at 8k but we've crashed through that so now i'm looking at 7500.
Good luck trading folks
I've drawn the red and green lines to highlight a possible bullish and bearish scenario.
I was expecting the bottom of the new triangle to form at 8k but we've crashed through that so now i'm looking at 7500.
Good luck trading folks