Hey Guys,
If we consider this pattern as a bearish pennant, then our targets might be around 23K-26K zone.
I still wouldn't take any long positions until we see a close back into that descending channel and make 40K area support again.
If we consider this pattern as a bearish pennant, then our targets might be around 23K-26K zone.
I still wouldn't take any long positions until we see a close back into that descending channel and make 40K area support again.
Comment:
By the way, this is logarithmic on daily.
Comment:
This is still in play, until we see a daily close back in to that desc channel.
Comment:
If you hit the play button, you will see that finally we're back in the descending channel. BUT!
Now there's a potential of a death cross happening in daily chart.
So please keep an eye on that important indicator. This might happen to be a false break "in" (:
Now there's a potential of a death cross happening in daily chart.
So please keep an eye on that important indicator. This might happen to be a false break "in" (:
