Been sonsolidating for about a week now. The Weekly area of 8200 has been breached again and turned in to Support. If Bulls can keep defending this area longer, we will be forming a Double Bottom Reversal.
To further support my previously posted analysis: Ascending Triangle (inverse chart)
Once again shows the importance of having well chosen SR lines drawn.
Looks like we will be testing the 10200-10250 area again soon, for the third time in a short while.
Broke through and retested this Support Line. I think it likely that we pump through to 11100 in the next hours.
My first Weekly level (blue) provided a strong bounce. It's highly unlikely that this Downtrend is over though.
First two support levels taken out, pretty easily, as indicated in my last update.
LTF Support areas to watch (according to me) are marked on this Inverse chart. green = less significant areas blue = weekly levels
3D Heikin Ashi starting to show weakness after a period of consolidation below the "Bullflag" Trendline. Horizontal Trendline drawn here or the lower Trendline of the channel seem to me the most obvious bounce targets. These also coincide with some important levels if you would draw a Fibnonacci Retracement on the Rally.
Death cross + Close below Symmetrical Triangle confirmed.