Chixun

Chixun

Looks like a perfect diamond at the top on the weekly. I think we are done with the uptrend for a while. This pattern looks almost too good, but what do you guys think?

Chixun

Classic rising triangle in a downtrend. Price target is measured by determining the length of the base of the triangle. In this case, it's a 25% markdown, which may translate to $28,000 - $30,000 depending when the bottom gives out.

Chixun

It's hard to know for sure, but to me this certainly looks like a bearish flag, with two valid touch points at the top and two at the bottom. We may get another set of higher highs and higher lows to complete the pattern, but within a few weeks we should see a 50% drop to around $18K. This drop is the equivalent of the length of the inverted flag pole. I'll be...