https://i.ytimg.com/vi/S5XkIZlqNLE/maxresdefault.jpg


The past week has passed with the advantage of bears. The bulls were not successful, despite the fact that the weekly candle was potentially a reversal and, at least, did not assume such a strong decline.


https://forklog.com/wp-content/uploads/image1-27-e1527493831121.png


The version with a flat triangle (its upper border is shown with a red dotted line) has started to be implemented. Bulls will not take any active actions to buy up to the $6700 — 6800 levels. There are now placed take profits and large volumes for the purchase, so I assume that the price will break through 7000, quickly fall into the zone 6700-6800 and strongly bounce. Next, the target will be the $8300-8500 level, which is the top face of a flat triangle.


https://forklog.com/wp-content/uploads/image3-15-e1527493909284.png


This is how a flat triangle and its targets look closer:


https://forklog.com/wp-content/uploads/image2-23-e1527493866190.png


Most likely, the lower goal will be achieved today, at least tomorrow, and we will continue to hope for a reversal.




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