Caveat, relatively new to charting.
That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.
the breakdown most likely will bottom at older fib resistances, towards 8500.
That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.
the breakdown most likely will bottom at older fib resistances, towards 8500.
Watch out for bull traps.
I am mostly shorting this until we bottom out :)