1.272 to the .618 played out in the purple lines with us double topping at 11.7k. same setup this time. will we retrace to 7k or 6900 and then try to break 7800 or will will double top at 7700 and then drop again.
Bearish for now. still in a daily short squeeze. corrective wave wasn't large enough to make me think we're going up more. if we find support on teal .75 or .50 they could try to push it up. fall to .25 and i think we'll keep falling down.
we finished our leg down on that last move. expect a possible pop up. still heavy bearish pressure. lucky if we return to 6450ish area. This wasn't as big of an impulsive move up as i'd like to see so we could just be in a correction for another leg down.