Looks like we finally have some patterns forming for this level. I'm seeing a Rising Wedge that should break down and create the D support for a Diamond Reversal pattern for the much anticipated pull-back towards 6900ish
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Damn... lol I shorted the top of that Rising Wedge but it actually broke downward BEFORE I could finish publishing this. Would've been nice to see the red candlestick AFTER I published it.
I'm looking at it from a bit farther away (4hr).
I think we're gonna hit that 7800 target of the iHS on the chart.
Afterwards - your pullback to 6800 level would mean forming R shoulder of even
bigger iHS?
I think we're gonna hit that 7800 target of the iHS on the chart.
Afterwards - your pullback to 6800 level would mean forming R shoulder of even
bigger iHS?