testing downtrend line on log scale

looks like we're in an important point as we've touched already the downtrend line on the log scale today

Kommentera:

possible breakthrough scenario could be to get to 9250-9350 resistance area and then pull back to around 8300 to confirm the breakthrough.

for the breakout to be confirmed would be good that the weekly candle closes around 8600 or higher - sill more than two days left.

or we can stay in the triangle and go once more to the 6600.

there is a chance then it is a big bull flag

Kommentera:

current state also seems to correlate with the dxy approaching resistance - breakthrough there may help as well