bullflag target of 10480 confluence w/ risingwedge breakdwn trgtI love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown target lines up precisely at the super strong horizontal support line at 8504 we've been talking about since early 2019. This is the perfect zone for this to land on as it fills the gap on the cme futures chart as well as provides a perfect zone to bounce from. I wouldn't be surprised if I busted a fib retracement out on it it would probably line up well with either the 61.8 or the 32 key fulcrum lines. Anyways for now its still speculation that it will break down from the wedge at this exact spot but will be fun to see how close it gets to my projection. I think it will set a bear trap convincing people that the golden cross might turn into a fakeout then once its gathers enough shorts it will resume bullishness and liquidate them all. Just my guess not financial advice. Thanks for reading!
