We can potentially find support here and keep this line as the trend. (ref.D.chart)
The other scenario is the price action where the orange box area is the target. It has confluence with many elements, MA, Fib Levels, CME and NasDaq gap. These elements explained in the previous post
Regards, S.SAri
Previous post related to this top formation
註釋
註釋
註釋
Perfect with the current chart where the target matches the height of the triangle
註釋
註釋
hidden bullish divergence
註釋
The bullish scenario, support at this level otherwise a deeper pullback if this doesn't hold.