I went a little into the past to show every time we touched the bottom of the wedge while being at least -75 to -100 (Daily Chart) on the Aroon Oscillator indicator we made a bounce each time. Currently we are at -100 and nearing the end of the downward pointing wedge. Should see our bounce with in the next day maybe two and really I think it could happen at anytime now but I personally think it will happen between 7k & 6.8K... I just hope its strong enough! We shall see in the coming days! Good luck everyone!
Comment:
Well there it is... Currently we have our current "engulfing" green candle which if it closes the daily today above the last red indicates a trend reversal. To me the visible range looks like we are good up until 7800ish and we could see that pop at anytime I suspect.
Comment:
It's in its early stages so, but looks like we could have a upwards pointing triangle forming. Looks like 7.5ish before a small dip then back up for the breakout... just keep your eye on things could be total wrong but thought I'd pass on the info.