1. Reversal Head and Shoulders sign. 2. 20 Days MA just crossed above 50 Days MA based on Daily TA data. 3. Decisively breached the strong resistance down trend line.
Comment
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Wave 1 of 3 could complete at $11,700, and now going to have a short correction into Wave 2 of 3 (target = $10,600 - $10,900). Then, the target for Wave 3 of 3 will be $14,500 - $14,800 (if the length of Wave 3 of 3 = 1.618 of Wave 1 of 3) or it's also could up to $16,900 - $17,200 (if the length of Wave 3 of 3 = 2.618 of Wave 1 of 3) or even more depending on the market situation and the volume as well.