Look at the pattern- this is the text book impulse north.
And it only has began - we are now experiencing the beginning of the 3rd short term wave, which consists out of smaller(inner) 1-2-3-4-5 impulse.
This promises an unbelievable growth 8000+.
7250 is now the most decisive region(7200-7300). If bulls protect this level - the impulse is inevitable.
Look closely for the battle around 7250. The outcome will set the market for a day or two.
+ Also notice "head and shoulders" that just formed.
Only a secret bear will exit now))) I'm in at around 7300...
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And it seems that the previous pivot 7200 now acts as a strong resistance level, trapping the bears. Proves the above said.
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9-44 UTC: ARE YOU SETTLED IN? Here we go. Now or never. Here comes the sound of the bears burning alive)))
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What is also interesting - now bear moves look 100% correctional. While the bulls have all the big impulses for the past few days.
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Never in my life I saw the chart THIS BULLISH. Bears gonna cry aloud. If not in the next few days - in the January 100%. But my body is shaking - I feel all the Bulls in the world are gonna race))) Hear the CORRIDA run towards you.... I don't doubt now that 10k is expected in a few weeks. May be even higher, but that would be a speculation.