No guarantee it will follow through and I'd like to see a slight bit more volume
to confirm but it appears we have a 4hr chart diamond bottom breakout. If so it should reach the breakout price target I have posted here and I expect then on this current pullback for the yellow horizontal trendline
at 9646 to retest as and maintain support in which case we will then head back up towards the diamond bottoms breakout target. If this were to occur it greatly increases the chances that we will trigger a breakout from the 1 day falling wedge
pattern as well which if triggered here has a breakout target of 11.5k. We still have a potential gap to fill at 8.5k and must continue to keep that in mind but that could happen before we breakout of the wedge
, after, or possibly even not at all...so instead we must focus on the price action at hand and only worry about factoring that in if the charts show we are heading that way.