This is an update to my idea here
Please read this first to get a more close-up idea of what actually happened with the recent move lower.
Basically, I now think the fractal diamond regression highlighted in the above idea is part of a broader bearish outline.
IF I AM RIGHT ABOUT A BEAR FLAG FORMING AFTER THE RECENT DOWNMOVE.... then completion of this flag would also form completion of a very large head and shoulders pattern.
This should lead down to the 20k level during resolution.
Please read this first to get a more close-up idea of what actually happened with the recent move lower.
Basically, I now think the fractal diamond regression highlighted in the above idea is part of a broader bearish outline.
IF I AM RIGHT ABOUT A BEAR FLAG FORMING AFTER THE RECENT DOWNMOVE.... then completion of this flag would also form completion of a very large head and shoulders pattern.
This should lead down to the 20k level during resolution.
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