Or is it?
Comment:
Comment:
It's a bit too early to call it but most indicators on smaller time frames are turning bullish. So provided we break through the 4200 neckline of the slanted Inv HS, there should be a significant amount of upside. These are two patterns that I'll be following during the climb up. You can see that they track fairly closely up until 10/12k at that point, the patterns diverge. There is an alternate third pattern I am also tracking on a different chart, for that pattern we would hit ceiling at around 4700 to create a straight neckline followed by weeks, if not months of sideways action, eventually ending up more or less where we are now. Again, nothing is set in stone and we'll have to see how far/how fast we climb, if/when we break through the 4200 barrier