Breakout possible but less probable. Prefers dump to golden pocket 786 at 77,000 for long trade setup.

And then of course we just do have to take a level of level. The thing is there is a real chance that this does actually break out like that is real. I feel like it's not as probable given that the weekly top is in. I would prefer if we actually dumped down a little bit and if we continue to dump down a little bit, well, let's go ahead and pull our fib from low to high. I would prefer first dot to be right around the Golden Pocket 786, so that's going to be around $77,000, right? Even if we do something like this and continue to trade the channel, that would line up very beautifully with the $77,000 area where I would look for another long trade.