Bearish Wedge/Descending Triangle/H&S/Descending Triangle Combo

So we now have the large green bearish ascending broadening wedge with break out and retest of support turned resistance complete combined with the purple head and shoulders at the end of an uptrend; combined with the large blue descending triangle; combined with a diamond top reversal pattern in red.

I am thinking we have a small bounce off the support of the descending triangle; which would complete a retest of the diamond top reversal break down. From here my target would be between 7600 and 8100 before a bounce.

評論:

Retest of Diamond Complete. Looking for the next leg down to occur very soon. Stop loss is above diamond resistance line.