He we have our triangle pattern on CME that has been playing out for 5 months. What is very interesting is that we opened at a critical level this week. Our CME candle weekly open, opened right at our black trend line of resistance. This could mean couple things. The first idea this could imply is that this only becomes a wick and we close the daily candle back below the black line ($19,470). The second thing this could imply is that we are above our short term resistance and can short squeeze up to around $19950 to create a bull trap. This would bring us up to our red trend line of resistance where we have seen lot of wickoff tops. If we close a daily candle above the red trendline (roughly $20k) then there could be a very good chance the bottom is in, but for now as this trend sits, there is no point to go against the trend yet so it is still bearish in my opinion. Seeing the sentiment in the space right now this could be the final bull trap before the floor falls out or we just get some sort of double bottom around the low. I'm happy to change my sentiment if we do get above our red trendline, but for now as we sit we have a CME gap down to around $19180 so keep that in mind. Happy trading!