Right now were trading below what im calling the "safe zone" (11.5k-13.8) however it looks like theres a bullish Falling wedge continuation forming that could take right back above 11.k; If we can maintain the "safe zone" range its likely the parabolic run will continue with 11.5k being the fourth base.
If we drop further down to the 10k or even the 9k range theres still hope for a bullish continuation. I wont be fully bearish untill we drop down to what i have marked as "Base 3" (around 7.5k) and a right shoulder is formed for a huge H&S
If we drop further down to the 10k or even the 9k range theres still hope for a bullish continuation. I wont be fully bearish untill we drop down to what i have marked as "Base 3" (around 7.5k) and a right shoulder is formed for a huge H&S
