The final leg of this bearish downturn could commence upon the fulfillment of this bearish pennant. Next drop in about an hour (unless the whales decide to take us sideways for way too long again).
When taking a look at the 4 hour chart, you can see that the bearish downtrend is still occurring based on base/conversion line cross / lead1 and lead 2 bearish cross.
Target still 375. If 375 is broken, we could see 320 or lower.
When taking a look at the 4 hour chart, you can see that the bearish downtrend is still occurring based on base/conversion line cross / lead1 and lead 2 bearish cross.
Target still 375. If 375 is broken, we could see 320 or lower.
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Potential inverse head and shoulders pattern on chart. Think this bear run has lost momentum. Took 1.15% P/L.