Price back in the descending channel but broke out from rising wedge so the trend is down.
Now I imagine that right before Easter it will be announced that the corona virus could not be contained and the lock down will be extended, which will cause another sharp dip.
The dip will close the gap below 3.6k, but I expect a wick to the 2018 low.
Don't know how anybody can be bullish, maybe price will drift up to the top the channel, but that is it. Trend is down!
Now I imagine that right before Easter it will be announced that the corona virus could not be contained and the lock down will be extended, which will cause another sharp dip.
The dip will close the gap below 3.6k, but I expect a wick to the 2018 low.
Don't know how anybody can be bullish, maybe price will drift up to the top the channel, but that is it. Trend is down!
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