If it holds at the trendline then she should be fine. Given how oversold she is, she could go up from here before meeting resistance at previous support of 6700 - 6800 as you see in the head and shoulders with a clear neckline (or could go retest 200dma again). However, sentiment is really bad. I'm seeing a bear flag forming for test of 6000, 5900 and 5800. Since this is the fourth ( I think) time testing this price, Im not really sure she will hold.
I'm actually not as confident in the ETF anymore but if approved it will invalidate my chart and probably go up a lot.
Prepared to go short if 5760 breaks. Still optimistic she will hold.
I'm actually not as confident in the ETF anymore but if approved it will invalidate my chart and probably go up a lot.
Prepared to go short if 5760 breaks. Still optimistic she will hold.