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A Retest Of The Breakdown From The Symmetrical Triangle

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The support at $6000 held, for a Triple bottom.

Bears looked exhausted by the time they reached there. It was easy for the Bulls to defend.

On the way back up there is a lot of resistance around $7000.

4hr Chart has resistances of:
1) 50MA
2) A horizontal resistance
3) Bottom of the symmetrical triangle

$7000 is important profit taking area for Bulls.

$7000 - $7200 is also a potential low risk short for Bears. Just a tight stop inside the symmetrical triangle.

Also a shorting opportunity if the rising wedge develops and breaks down. A pattern which has been working well recently.

Anmerkung
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Where is the new money?

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