Crazy how my previous graph is playing out almost exactly although the purple doodle was just general direction. I think if it conforms to the previous 3 patterns, this bounce shouldn't go higher than $8300 and then $7600/7700, then bigger bounce to $8550, then crash to $7250 - $7000 for a massive bounce and a possible reversal of bear trend.
If it goes over $8300 and comes out of this pennant, it will try to test 8.8k and if broken, 9.3k (unlikely but possible).
If it goes over $8300 and comes out of this pennant, it will try to test 8.8k and if broken, 9.3k (unlikely but possible).