First of all I'd like to point out that we're in a bearish flag (Red). Typically bearish flags have a 6th count, which inclines me into thinking that we could hit $10,000 for the 6th count.
We also have a double bottom (Yellow) with the target of $10,000.
Right now we're in a Pennant (Purple) which can go on until we pass $9,400, which is our double bottom break out price.
This will also put us in the oversold area of the RSI, giving us the perfect short.
We also have a double bottom (Yellow) with the target of $10,000.
Right now we're in a Pennant (Purple) which can go on until we pass $9,400, which is our double bottom break out price.
This will also put us in the oversold area of the RSI, giving us the perfect short.
