An update regarding my prior post.
Yet another ascending triangle. Ascending triangles are often seen as a continuation pattern. I think we are in a brief downtrend (correct), therefore I expect it to breakout to test 45K again. It needs to hold, else I expect a slope downhill to 39k. That said, I think a new rally upwards, is imminent.
Yet another ascending triangle. Ascending triangles are often seen as a continuation pattern. I think we are in a brief downtrend (correct), therefore I expect it to breakout to test 45K again. It needs to hold, else I expect a slope downhill to 39k. That said, I think a new rally upwards, is imminent.