I have once again updated my Triangle idea by adding a pitch fork which lines up nicely with the current pattern. My expectation is that the price continues it's journey south on the eventual break of the triangle (outlined in orange lines) finding it's bottom around $1,625 which is the bottom of the pitch fork channel and is also the bottom breakout target for the triangle. The pink line also marks previous support at this level from the left side of the chart which you cannot see in this close up. If the bulls are to win the day, they had better get on their bikes and peddles as fast as they can to break out of this channel to the North and with authority. Otherwise the bearish saga continues.....
P.S. If you like this idea remember to give an "up vote" so this crap floats to the top. :D
P.S. If you like this idea remember to give an "up vote" so this crap floats to the top. :D