Possible reversal. Shorts below the red range fueling the rally to red range highs (and above?)
Kommentera:
If it breaks back down to the green range I think it will dump below the previous lows (6.5k) to at least 5.2k or around the 200 Weekly MA. If that fails we'll retest the lows.
Kommentera:
Just to add: the white boxes outside the green range represent a swing failure pattern used to fuel a move to the opposite direction and below/above the previous range high/low, trapping shorts and longs as it went forward