The upward channel seems to be holding the brief fall from 16.5 to 15 together. Head and shoulders indicate the beginning of a larger drop, but it might be worth noting that the combination of these two signs may lead to a correction in the next day or two.
The other possibility is that we break through the top resistance line, in which case we might see possible short term growth. This would be the continuation of the Elliot Wave after the 19k to 14k correction.
Compare with your own analyses, and let me know what you think is going to happen!
Happy Holidays!
The other possibility is that we break through the top resistance line, in which case we might see possible short term growth. This would be the continuation of the Elliot Wave after the 19k to 14k correction.
Compare with your own analyses, and let me know what you think is going to happen!
Happy Holidays!
Comment:
Looks like price broke through the channel and down. My price targets are 11k and 9k.