4hr candle breakdown from bull flag/bart formation target=6130
breaking down and barting from the current bull flag at this point is interesting because the drop target should take us just above the top trendline of the weekly descending wedge pattern. Hopefully this means that trendline will maintain support and then bounce the price action back upward...if so we will then have a higher low on the 4hr to follow our the higher high. It could of course continue to dip below that and back into the descending triangle but $6130 is a smart place to bu back in until we see whether or not it will continue to head downward..I probably wouldn't sell again until we achieved a lower low.
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