I am bearish for now but this is a very likely bounce.
A lot of long-term scenarios in case of a bounce. Make a higher high and next leg down. Make a lower low and continuation. Get rejected from the range high come back for a swing failure etc.
We have to wait to see. But this bounce is tradable imo.
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*Make a lower high and continuation.
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Low timeframe looks good. Looks like wedge is broken.
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I wouldn't say wedge is broken down yet. But a daily close below 18.900 is dangerous.
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Bad close. We are slightly below the wedge. A bounce is still possible but less likely. This is a big support anyway.
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I still believe in the bounce. Everyone is bearish but market is holding. At least, I'm not shorting here. That's for sure.
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Thanks for playin!
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I think the fib here is still relevant. 27k might be a turning point. Worst setup.