Diamond Top - Usually a reversal pattern and fits in with my main view of a move down. Being cautious here though as there are fractals from 2013 and 2017 that suggest this could blow upwards. Given the overall bullish sentiment I can see us hitting above $16K. Currently have an open long from $12K and hedging with a $12.4K Short.
Comment:
Diamond top will clear both existing gaps. There will also be a new gap as CME closed at 12,500. The double top theory closes this new gap (not pictured below as we don't yet know where we will open on Monday) and also fits in with the fractal as per my most recent thoughts.
