I'm about to call a classical Triple Top. Volume declines, momentum declines. IF(!) 8600 will be rejected and we will brake support it will be confirmed. Target 6700. Stay tuned
I agree! I also have a fibonacci at 9k and the down trendline also crossed the 9k level and it seems that it failed to break it and we are heading to the 6k to retest.
Supertraderboy
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If its a higher low and then a higher high i will then re-evaluate.
Supertraderboy
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Its bouncing back off 8600. It ran up and nuthin but a wick left. It started to run down and caught itself . I still think we are going down.
ItsAlanna
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How much above 8600 before you think a short would be the best position?