With the most advanced trend line in place, this seem like a head and shoulders formation to me. It's highly likely to revisit 30K area in the next couple of weeks or days maybe.
In H&S formations, it mostly visits the starting point of the run and it sits around 30K as stated with the horizontal line in the chart.
PS: Always DYOR, this is not a financial advise.
Cheers.
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Hey,
Still not quite sure yet but I've got the feeling that H&S is in play. And yet, feelings have no place in trading. (:
Always DYOR, cheers.
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Once we hit the support of the supports, 30K, this pattern will be played out perfectly and completed.
After that, we will be looking for the CME gaps at around 22-23K, a highly possible touch may occur but as said, it will not be the continuation of the Head and Shoulders pattern anymore.