Just wicked into my buy orders on the support line. That's our third touch, and there may be more, however we are now primed to break the resistance of the ascending triangle and hit our target. Remember, once this occurs longs will go crazy because we will have finally broken through the long term resistance. So when this happens, personally I will be closing my longs (around 6840 though we will likely go a bit higher).
I will then short 6840 down to 6340 as the coming shakeout will liquidate all those who are sufficiently high leverage (there will be heaps given the bullish sentiment at that point in time) and give us more liquidity. I will then have my final long buy orders from 6250-6350 to take advantage of the shakeout and maximise profits all the way up to a new ATH. Therefore, I can confirm that I am long til 6840. Short from 670-6340; and then long again from 6340 to new ATH (33,500ish).
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Edit for clarification: Therefore, I can confirm that I am long til 6840. Short from 6840 down to 6340; and then long again from 6340 to new ATH (33,500ish).
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second wick supporting our view of the ascending triangle.