As you can see we just did close the daily candle with a green engulfing candle which represents a trend reversal... sure things can change on this next candle and send us back down but looks to me if we can break that 7.6k resistance level we could make it all the way to around 8k ish before we see any real resistance...
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Okay... I had two scenarios for myself I was watching... either the upwards pointing wedge (in white) that was invalidated just now or the ascending triangle (in green) which is the preferred option. We may see a large bounce coming in the next half a day or so... I have been waiting to see 7.8k...
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Just as a side note if this does break we will see 7.2 it looks like.
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Ascending triangle is still looking good! Lets see if we can pop past that 7430 mark and we should hit 7.5 with ease...