How close is the broad market to another 5% price drop?
Watch this video for potential moves.
The broad market has traced out a symmetrical triangle price pattern since the highs of late 2021.
Prices are currently resting on a critical level of support.
Should prices break through this level, the next support level is approximately 5% below.
Prices need to close above the downtrend line before a base can be created for the next bullish move.
Currently, price and volume and the supporting indicators I monitor are bearish, so continued caution on the long side is advised.
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