Multiple bearish formations here. H&S clearly forming. Downward-sloping neckline indicates high degree of bearishness. If H&S completes (around 10K?), price may drop an additional 10-20% to the 8K-9K range.
Rising wedge has broken to the downside--bearish.
Looking now to pennant--if we break through on the downside, it will mark an overall trend reversal and will be a further bearish confirmation.
Rising wedge has broken to the downside--bearish.
Looking now to pennant--if we break through on the downside, it will mark an overall trend reversal and will be a further bearish confirmation.