Lower moved to tail bottom kept pattern complete and not broken to downside as prior post stated. Rising has now broken to upside, backtested and moved to R1 . i would expect to gap fill to the 9300 and then break this resistance and make a run to congestion zone of 10000 to 10500. break from there could test upper channel in 12000 range
A move back into pattern and BO is negated for now.
20 points from target 1. allow it to run with trailing stops. May want to test target 2
Upside to continuation so far. High volume selling resistance in 10100 zone. I would expect price to bounce around channels on its way to 10500 and likely 11000. A break of lower black channel line and probable retest of 9500.
Exceeded target of 1100 and now has closed back in to channel but reversal on low volume so still bullish trend
Has established new trading channels and swing traders can utilize them for pivot entries, sells and stops. 11000 holding as support for now but prices may want to drop to mid channel . If so and drop is on low volume trades can be taken there with the possible run to 12200- 12600 upper daily channel.
stops at own risk tolerance but i would definitely stop out on break of lower or mid channel of top picture as there is a gap that may want to be filled near 10100 area.