Looks like an Ending Diagonal Triangle is forming.
If the pattern is validated (We don't exit the triangle and we hit point 4 before reversing again lower than 5870), then we may go down for a last bottom.
Keep in mind that we have 2 strong support zones, orange and red
Point 4 : 6.6k ~ 02/19
Point 5 : 2.6k ~ 02/26
ps: I'm not a Pro, I just analyze time to time
If the pattern is validated (We don't exit the triangle and we hit point 4 before reversing again lower than 5870), then we may go down for a last bottom.
Keep in mind that we have 2 strong support zones, orange and red
Point 4 : 6.6k ~ 02/19
Point 5 : 2.6k ~ 02/26
ps: I'm not a Pro, I just analyze time to time
Kommentera:
Model invalidated. Even though, we can see defiantly that there will be another retrace. Stay tuned