As we look at the daily chart we are forming a huge Descending triangle just like how we did in 2018 before capitulating to low 3k's. So i expect us to move in this triangle for the next month or so before capitulating to lower 7k's , 7.5k to be precise before ending our bear continuation and starting our bull run to new high's. we have been forming higher low's since the high (13.9k) so this pattern seems to be playing out exactly. I expect a move to 11.4k before finally continuing our drop to 9k's. We might drop from here too DYOR. I shorted 10.8k with 5x Leverage and i will short 11.4k with 5x and place my stops just above the previous high. SEE YOU AT 7.5K!!! OSCILLATORS : RSI had 3 Bounces on the 40 level and i doubt another touch to that level will hold. PATTERN IS INVALIDATED IF WE HIT MY STOP LOSS!
PP
