6K support didnt hold, and a bearish flag played out on last leg down, shorting until 5400-5600 range, hope the move to 5400-5600 doesnt happen fast as that could create another possible bear flag.
If the drop trickles down over the next two days a possible Falling wedge could form, and we should bounce off 5400-5600 and move back up hopefully towards 7700.
If the drop trickles down over the next two days a possible Falling wedge could form, and we should bounce off 5400-5600 and move back up hopefully towards 7700.
Comment:
Broke out before target. This trade has ended.