Hey again, a formation I could detect in time (I hope in time) in the 1hr TF.... An inverted cup&Handle formation, this could take us under 6k support zone directly to de 5.7k mark, Following of course C&H formation. We will def test 6k support but if we do not bounce over there, 5.7k will be my next target. So I could short a little.
I am waiting for it to hit 6k where we will see a double bottom and then I expect to see a bounce?? Or could the market go down further from there??? I suspect, that if we get to $6,000 lookout below!!! We can go down further.
G0ldenross
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@marbu1022, yeah!. just need to lookout when we hit down there at 6k.