target 8080, for steeper blue bearflag
yesterday daylie closing target worked out so far! now theres more than half a day left for retracement and disabling of the pennant in the long direction.
7660+ daylie close, is point of interrest.
same game as i discribed in the weekly chart before.
here is the 1h chart. if the daylie from the chart before does not close above arround 7600$ i see a little head an shoulders forming, also confirmed by volume spikes. there is also a early turn possible if we bounce from the outer pennant bottom. else 76.8fib and bearflag bottom @ 7100$.
bearish pennant on the daylie. higher daylie closing price would mean upper resistance retest.
Bearflag active. Weekly closing was still above the black line. Higher weekly low necessary.
As drawn in last weeks postings, the weekly chart indikates a stronger supportline (black)
