We can see an inverse H&S-type of chart pattern which could be traded for a short term quick profit. Target around $9600, although it could get higher, but I personally wouldn't ride it for much longer, mainly because I'm still bearish overall, and still think we'll eventually drop to the mid $7Ks. Check my
if you're interested.
If you decide to trade this pullback, definitely set a stop-loss, because we could experience an unexpected sudden drop.
Cheers!
If you decide to trade this pullback, definitely set a stop-loss, because we could experience an unexpected sudden drop.
Cheers!