Last night we saw a spike up but was it only to backtest the upper trend line before heading back lower? Already saw one failed break out attempt and the MACD is showing some bearish divergence on the weekly! Keep an open mind and trade safe. Currently in a short position with a tight stop loss of around 11.8k.
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Long-term Bullish! Could be possible we could just come lower to form a huge bull flag. Maybe one more touch at the bottom trend line?
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Potential Target 2.2k.
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First target if it breaks below 10.5k is 7.1k. Head and shoulder measured move.