Almost at end of descending wedge (bullish)
My ideas at the moment is that there a few things coming together in realy soon.
1) There is a gap to be closed at 8380 or so;
2) There is the longterm support ascending end closing in soon;
3) There is the descending resistance;
The latter of these three are forming a descending wedge, which is bullish. And the best of it all is that it is all closing in at about the same time :)
I think one more down to about 83.. something, maybe a bit of fear putting it more towards 8000, but the we should be ready again to search for the ceiling.
My ideas..
1) There is a gap to be closed at 8380 or so;
2) There is the longterm support ascending end closing in soon;
3) There is the descending resistance;
The latter of these three are forming a descending wedge, which is bullish. And the best of it all is that it is all closing in at about the same time :)
I think one more down to about 83.. something, maybe a bit of fear putting it more towards 8000, but the we should be ready again to search for the ceiling.
My ideas..
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