We seem to be painting either a descending triangle or a symmetrical triangle. The descending triangle would suggest we are in a distribution formation while the symmetrical triangle hints at a continuation pattern. One ends up at 50k and the other shows us hitting 18k. We are going to have to monitor this closely for the next week. I am interested in which support levels are hit. Happy trading.
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217 blow off top
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2019 blow off top
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2016 blow off top that started the parabolic run of 2017. Look how deep the correction. We could lose most of these gains with ease.