As I said in this post the tiny breakage upwards we saw three days ago of the symmetrical triangle was indeed a bull trap.
Nonetheless, the good news are that we have break the boring uncertainty of the las two weeks and we can see a more clear "price flow"...
According to my opinion, this last movement may be part of the final A-B-C corrective waves which started after the "Previous High"...
If so, we may see the completion of the "C" wave very soon... If this "C" wave behaves as a 5-waves down (see the chart), the end would originate a "double bottom" around 5850 USD which can be a good ground for a reversal start...
As you can see below the 200 DMA is still far from the Price chart...a lower low is needed.
Again, we are very close to the market change but will not be tomorrow ;-)
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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by toofasteddie
