Long time no see! Don't say no TA since my absence. I left You nice hint in one of my ideas, where I was thinking loud about . There was: "First bounce from is no-direction case. Second attempt at this is good long entry point." And here We are!
1. (yellow) is forming. pattern!
2. Support (blue) is forming. High possibility for broken (white lines) retest!
3. second test from bottom.
4. Yesterday's 1D candle closed with long buying wick. This could deny further tumbling.
Anyways, don't fall into certainty! I just see there great buying opportunity after rain of blood and I would never short at this point. Stop loss below blue support would be very safe solution.
Healthy comeback could coil around 8800, but first profit taking should occur at traingle formation retest (bottom white line).
15 min chart for stream
back to 1D chart