After over a week of selling we see a consolidation with a small triangle at the break of a downtrend-line. If the break happens we can probably see a corrective move to some resistance. In my opinion it could be f.e. 1259.5
After the heavy sell-off a small triangle
formed with resistance at 1260.6.
I expect the price to break up from
the triangle after a couple more re-tests.
The breakout should be weak or even fake.
And after reaching some of the fib levels
I expect the next swing out of the expo ribbon
to the downside.
The other possible scenario
is the breakdown from the...