A reversal trend is forming, a break from wedge will be confirmation. Price will have to break through 100-period moving average support. May see price drop to 2500 (~10%). I'd expect 200-period MA support.
Comment:
broke wedge
Comment:
2700 wedge trend now resistance. I'd like to see price break 2650 & the 0.382 fib for a solid down trend to ~2500
Trade active:
broke support