As I anticipated in the previous idea we would break bullishly up for at least one more leg up from the bullflag we were in and that is what we are seeing now. This has the potential to take us to the inv head and shoulder target of 7.7.-7.8k. Or the symmetrical triangle breakout target of 8k. However it might also only go up as far as the height of the descending triangle pennant itself if the rimline of the inverted cup and handle or the neckline of the old adam and eve double bottom prove to be too strong a line of resistance. Currently we are seeing that the rimline of the inverted cup and handle(in red) maintaining resistance but I anticipate we will overcome it. The neckline of the adam and eve double bottom however(in plum) may prove too resistant.
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we are also still inside the lavender rising wedge too of which its top trendline is also still a strong line of resistance at $7560 just above the inverted cup and handle rimline. The neckline of the adam and eve double bottom is just above that at $7670 so we have 3 very strong lines of resistance in front of us just to reach 7.7.k