We have developed a 4H Falling Wedge hanging off of the "broken" parabola
Nice confluence here with a run up to 9200 based off of the prior measured move and the R3 on the 4H
Would also be a possible back-test of the underside of the parabolic move - If there is large bearish rejection here, a blow off top could easily follow
Everyone is expecting a retrace here, so there's a good chance it won't happen
Nice bullish test of the R1 with daily close incoming and nearing the tip of the FW
Will be watching the R2 at 8300 for a possible double top if rejected