We broke down ascending triangle which happens sometimes. Maximum down target according to Bulkowski`s measure rule for ascending triangles down breakout in bull market is 360$ but we can hard bounce off previous triangle arm especially around 400$ which is strong psych barrier. If we go back to triangle within days the above is just cancelled. Happy tarding
I wouldnt mind see lower levels before we go for new high. Plenty longs trapped over 400$. If bears sniff weakness they`ll hit hard. If we dump quick we will stay for weeks until whales accumulate. Then rise should be impressive.