Watching for the descending yellow trendline to hold support if it even reaches that far. Many times these smaller time frame bearish patterns don't reach their full target during a bull market...but we must also be aware that there's still a chance it could dip down to fill the current CME futures gaps although I anticipate the one all the way down at 9.6k wont be attempted to be filled until we see considerable ore upside...but I must also be prepared should it try to fill during the current downtrend. For now probability favors the yellow descending trendline maintaining support.
Komentar:
For now the 4hr 50ma(in orange) is maintaining support. As long as it or the descending yellow trendline can maintain support we will form an inverse head and shoulder pattern on the 4hr that will have a breakout target of 12.5k or so.