We're going lower and my ugly double bottom failed to confirm.
My descending broadening triangle now looks to hit the bottom trendline again.
Major distribution happening now, 5 bear candlesticks in a row.
I see price touching the $9,500 (the bottom trend line) and bouncing from there, or alternatively breaking even lower, which would require a new assessment.
Comment:
Successful trading idea.
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My descending broadening triangle now looks to hit the bottom trendline again.
Major distribution happening now, 5 bear candlesticks in a row.
I see price touching the $9,500 (the bottom trend line) and bouncing from there, or alternatively breaking even lower, which would require a new assessment.