might form an inverted HS pattern
on the 4 hr
timeframe. The neckline is at 6550ish - if we break this level, it should trigger a squeeze of some of the short positions.
Also note the 14 day EMA
is about to cross the 26 day EMA
. This is a rare occurrence and I urge you to look at what happened the last time this happened.
is testing support and MACD
is still bullish
. Good luck!