We've hit a few micro lows and highs.
I think it'll have to fight to get out of the blue wedge (either way - up or down). From there the green will be a second step to see if we can break out of the marco trend (larger scale).
I'm long currently till about 6.7 then will likely pull out while it fights the micro wedge.
I'm dumb though, so don't listen to me.
Shows a bottom about 3k.
Probably won't happen as so much is different from "the bear run", but who knows. I don't
(I have seen a lot of of other people post similar, not trying to steal, just charting for myself to experiment.)
Just thoughts, just what I'm seeing
Not direction - Just hopes and dreams
I'm seeing some possible wyckoff over the past few weeks. We went up around the last week of April with the small retracks/bull pennants/what not. Then we had that chop for about a week sideways. Then we, hopefully, just hit the bottom of a week of downtrend. Will we see sideways for a...
Double tops, the second lower with a failed approach at the second with some retrace and false hope in between followed by a much larger retrace.
There have been multiple of these 2 tops and they have each retracted heavily afterwards, but it has been getting weaker each time.
-Not true TA, just some thoughts of what might happen (aka dyor you dingus, this aint...
