Log scale. 3 key Horizontals, volume MA is 20 days and is still extremely high to be near a reversal.
5.8k is weak horizontal support since it's a retest
4.6k is the high prior to the September China FUD
2.6k is the high before the June correction
Diagonal bear trend line is a bit of a meme, the lower we go the higher the chance it gets violated. Looking back at 2014 this actually happened.
I'm not trying to predict time with the blue boxes
If it goes lower than 2.6 I'll see you in McD's
5.8k is weak horizontal support since it's a retest
4.6k is the high prior to the September China FUD
2.6k is the high before the June correction
Diagonal bear trend line is a bit of a meme, the lower we go the higher the chance it gets violated. Looking back at 2014 this actually happened.
I'm not trying to predict time with the blue boxes
If it goes lower than 2.6 I'll see you in McD's