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down triangle then breakout to the down side drop to the .50
looks to me like this is a parabolic move and will probably hit the mark before it retraces. then goes for the 6k level. but remember all this is bullish.
Just one possible scenario down to the .50 or .618
i think it wants to retest the 200 wk ma but it stop at the lower trendline
could just hit the bottom of this channel and then go up
another view that bottom trend line looks juicy
its just got to hit that bottom trend line one more time!
not a complicated forecast here i just dont think we will spend much time below the 200 week ma compare with 2014 the 200 day shouldn't cross the 200 wk.
i see it making another wedge and squeeze through the 50, 200,1400 ma as they converge like 2014 then break up or down. i have a hard time thinking it will go below the 200 week ma and stay down there
in 2014 it did something like this
perhaps just like 2014
most likely bounce from the 200 week ma
i think it will touch the 50 ema resistance and retest the 200 week
maybe last dip of the bear market
probably one more dip then back into bull market
break out down?
Wedges and channels makes one big wedge. looks like October for the breakout