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If upper red trendline of this triangle is broken then rally will be in three subwaves with resistance at 12k.
Bottom line: trend is down, and it's expected to fall through 10k as long it's below 13100
we have seen move up towards 13 k recently, but noticed that recovery is clearly in three waves, also retraced by a recent break beneath the channel support. This looks like a temporary bounced, therefore, it would be too soon to turn bullish. I still think new lows will be seen.
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