Conservative speaking you really should remain NEUTRAL here, we have a lot of resistance yet to break before taking on bullish trades, gotta get a daily close above $12000! However with the case of each ressistance getting broken the pressure to new highs will increase and the breakout could be violent leaving any bearish trades left behind giving u a bloody bear trap, so you really want to be neutral before daily close of $12000. Take notice of the ascending triangle which target if realized lays at $18850 that simultaneously is forming a cup and handle which target lays at $17250 giving you a double top, suggesting going even higher. HOWEVER there is a possibility of going right into a weekly bulltrap at around $14500 based on the Hyperwave concept which you have to be aware of, so look out for a weekly close above this critical mark to remain bullsih rest of the year.
Trade closed: stop reached
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We came back to the swing low .. giving us a double bottem, we likely go lower!