Looking for this to sell this weekend and undercut the recent lows next week. It's just been a sideways chop - a consolidation before next move down is likely.
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under 20500 and the wedge has broken. They may make another move up beforehand.
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Retest of wedge, if they can keep it up the wedge is invalid. If they reject from here it is a stop hunt and it goes lower.
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up to the top of the wedge but could go higher to crack it a bit more. Bullish over 22k. Bearish under 20500.
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the lower trendline is very important to the traders today.
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the wedge idea lost it's meaning yesterday, and this channel is looking more appropriate now. A recapture of the channel would be bullish, but right now they lost it.
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recapture failed so far. objective short with tight stop.
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false breakdown and right to the top of the channel again. It's been a mess, maybe here it rejects. Above is bullish.
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Comment:
still fighting with the channel, now below it.
