I'm still messing with falling wedges, this is very likely to be wrong but here we go any way. It looks like another falling wedge formation, If it continues to make lower highs then we could have a scenario where we go all the down to fill the cme futures gap which goes down to 9.9k then bounce all the way back up to 13k. This is still very unlikely because there are many other gaps to fill and a bigger healthy correction is better. Note: im new to trading and im just figuring out these chart patterns.
Comment:
perfectly respecting the falling wedge, for a second i thought it might bounce of 11.3k
Comment:
wedge still in play, its just more extended, possibly going all the way down to fill the 8.5k cme futures gap. Probably going to test the new resistance of 11.3k next.
