Continuation to The Downside
Overall move is still bearish.
But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade.
I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then continue the short. Or it can shoot back up close to the overall trendline before returning down.
And YES, I do believe we are going to see a return to the weekly level for my max TP.
BULL TPS:
BEAR TPS:
Based from current trendline at price...
But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade.
I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then continue the short. Or it can shoot back up close to the overall trendline before returning down.
And YES, I do believe we are going to see a return to the weekly level for my max TP.
BULL TPS:
- 0.94094
If breaks through...
- 0.95180 for bearish harmonic
- 0.95521 to prepare for next drop
BEAR TPS:
Based from current trendline at price...
- 0.94527
- 0.94227
- 0.93688
From the possible harmonic...
- 0.94904
I know... late posting the result.
BEAR TP 1 and 2 HIT!!
I will be a happy camper if it can get all the way down to the weekly