We've moved too fast to the present level. I was expecting a little slower movement. Anyway, we're clearly moving in a local uptrend. But the global trend is still bearish (I guess) and we will soon hit the upper side of the descending triangle. After that I expect a reversal to the next bottom and God only knows if there's still a bottom.
Another option is a...
Right now we're moving in a bullish descending triangle while touching the local trendline on the high points. Globally we need to hit the latest low point around 5900-6200. After that I expect the reversal of the trend and the start of the bull trend. But before we hit the low we need to get rid of shorts by going to 6600 level where we've already seen a strong...
Right now we're in correction after the long pump above the resistance level - the big correction tunnel.
I see the next big support level around 7800-7700
If we bounce, we'll see a battle on 8000-8100 around the Great trend-setting resistance level
If we break the support, we gonna see 7500 with a flat period. After that we'll go on the third big correction to...
