.618 Retracement not exactly touched, but very close. We are still currently in what looks like a bear flag or reversal pennant on smaller time frames, so this could easily still go south.
If this is in fact "the bottom," we have a possibility of a nice .618 ABCD formation matching a .382 Fib extension, which would put us exactly at 14k.
If this is in fact "the bottom," we have a possibility of a nice .618 ABCD formation matching a .382 Fib extension, which would put us exactly at 14k.
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Triangle was extended, seems to be breaking DOWN, and there are more RSI bearish divergences.