It's not looking good!
Last week saw price tagging the monthly pivot and immediately selling off to form what appears to be another head and shoulders continuation pattern (complementing the currently active much bigger one). At this point the 10k short target is starting to look more and more likely. Concerning interim price action it is possible that we will still see a small bounce to around 12600 but while price remains below the right shoulder @ 12900 the HnS pattern and target will remain valid. The current HnS neckline and drop off point seems to be coinciding with the monthly S2 @ 11750
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