Remember: whatever is the most mundane, least complicated, and LEAST SEXY way to look at something is usually the correct way to be seeing it. I really don't understand why people drive themselves crazy and REK themselves through over-analysis.
We're just in another bull flag.
If we get a higher-time-frame candle (like, 12-hr or higher) close under 9200, then we can start talking about this being something other than a bull flag and maybe even a potential trend reversal point, but until then, there's no reason to think of this as anything other than a bull flag.
It's what happens in a strong uptrend - you go up, flag, up, flag, up flag, etc...
This reminds me of when we had our drop back down to the lower 8k area and everyone started talking about going back to 5k or 6k, or that we hadn't even broken out of the channel, or that we'd broken out and fallen back into it, when all we'd done was go back to retest the channel we'd broken out of.
We're just in another bull flag.
If we get a higher-time-frame candle (like, 12-hr or higher) close under 9200, then we can start talking about this being something other than a bull flag and maybe even a potential trend reversal point, but until then, there's no reason to think of this as anything other than a bull flag.
It's what happens in a strong uptrend - you go up, flag, up, flag, up flag, etc...
This reminds me of when we had our drop back down to the lower 8k area and everyone started talking about going back to 5k or 6k, or that we hadn't even broken out of the channel, or that we'd broken out and fallen back into it, when all we'd done was go back to retest the channel we'd broken out of.
