Assuming we close the 1 day candle in this range, odds look very good of confirming the bullish breakout of 2 inverted h&s patterns (a 1hr and 4hr chart) and a 1 day chart descending channel bullish breakout. Both the 1hr inv h&s and the descending channel show confluence in their breakout targets around the horizontal at 13007. The 4hr chart h&s on the other hand has a higher breakout target around the 14400 horizontal. If all these targets are reached and we can flip 13.8k to solidified support before price action has a chance to be rejected down from the 14400 horizontal we then have a chance o rigger some potential cup and handle patterns that could easily take us back to retest our all time high! Of course something that bullish is only in play if we can indeed solidify support above 13.8k. Looking mighty bullish for now...potential temporary resistance at the 12500 horizontal but most likely very short lived..once we get above it 13071 and 14400 are the next zones to watch for.