Pennant after a steep drop. Ideal entry to short would be >6760.
Comment:
Note:
A break out of the top yellow pennant TL will not have me concerned. The breakout of the top purple TL will have me concerned.
However, a breakout of the bottom yellow pennant TL will have me motivated, but ultimately the bottom purple has the most resistance. I'd like to see an answer in the next hour, however it could be a full 24 hours until the purple lines finally cross, but i am most certain we will see something before then.
Comment:
New analysis published. Still bearish, but it appears a bearish wedge has formed. See new analysis for further updates.
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A break out of the top yellow pennant TL will not have me concerned. The breakout of the top purple TL will have me concerned.
However, a breakout of the bottom yellow pennant TL will have me motivated, but ultimately the bottom purple has the most resistance. I'd like to see an answer in the next hour, however it could be a full 24 hours until the purple lines finally cross, but i am most certain we will see something before then.