Pretty self Explanatory! In addition to our bearishascending broadening wedge in green, we also have our H&S pattern as well as a descending triangle in light blue. We also have a small pink bear flag . There is a real possibility of a bounce off of the blue triangle support; and then subsequent retest of green wedge support turned resistance/light blue triangle resistance before the huge drop down to 5K.
Looking for a break of the bear flag shortly. We have a fisher transform bearish cross; and we are currently teetering between the support of the flag and the 20MA Bollinger Band Mid-Line.
My short was stopped out in profit. Have re-entered with a higher entry price of 10,298 with stop loss 10,380 as shown. I don't think we will break the yellow resistance line.
Looking to swap to long here based on 3 hour cross over of 8,13,21 EMA cross over of 55EMA which is a pretty reliable long signal.