Strong downward correction halted at trend line and previous support around 13000. Showing impulsive/corrective moves with bears in control. If it gets back to 16000 the previous support level could act as resistance this time also meeting the 20/50 EMAs which could push it down. Hard to tell with the volatility of the fundamentals but technically this is a...
Seeing a possible return to trend line and 4H 50 EMA which coincides with the 38.2-50% areas as well. In a wedge formation and could break either way so increased voaltility is highly likely whatever direction it breaks. If it breaks down toward the trendline it could well push further to the 50%-61.8% area, possibly in a fairly messy and drawn out way. Lets see...
