Break upwards or a sharp drop?
Updated
Feel ike a break upwards is the most likely scenario right now? theres a bullish divergence on the 4H and descending channel which can also be interpreted as a descending wedge with declining volume. I think a long trade with a target at the high 8k range with a stop loss around 7.8k is a good bet.
Note
*stop loss around 7.7k
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.