Could be forming a rising brodening wedge here. Starting to look more likely.
We have key support at 27k short/ mid term.
Howver if we fail to break and hold above recent high a pull back towards 22.6 could
Be likely.
We should see bounces within the potential drop likely around 25k and 24k which is pretty solid support. Also a potential reason why this may not play out. Howver if it does there’s a potential of a decent bounce to occur at the 22.5k area back up before either a further drop or a larger run to disprove this idea
We have key support at 27k short/ mid term.
Howver if we fail to break and hold above recent high a pull back towards 22.6 could
Be likely.
We should see bounces within the potential drop likely around 25k and 24k which is pretty solid support. Also a potential reason why this may not play out. Howver if it does there’s a potential of a decent bounce to occur at the 22.5k area back up before either a further drop or a larger run to disprove this idea