Refer to my prior chart, but the daily still has us heading down. The 15min showed a bearish pennant that we have seen so many times this month.
Note
Still forming
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Bear Pennant fired. Still on the way down.
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Second Bearish pennant formed last night and now we're looking for a push up. I am skeptical to enter unless we break the 8500 downtrend on the 15 minute chart (left).
We're still heading down according to the daily.
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Bear Channel broken on the 15, we're on our way to test the upper line again around 8800. I'm entering now and see where we're at up there.
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Bullish Pennent formed on on the 15. MACD on the 5 looks good to me so I increased my buy.
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Pennant popped and now finding resistance at the 200 MA.
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<deleted>Note
We are heading towards that 7.6-7.7 bounce point. If we do not bounce then I'm preparing to head back down to 6.9k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.