It has been touted to get to the lofty heights of 7000+. And having broken the record high set in 1999, analysts are more certain. You'd never have guessed from last year's trading though.
So, a H1 has formed @ ~6970. This is reliable as the market fell sharply away from the high and back to the ~6930 .
Note that this zone has now been tested and is no longer worth trading with (although this may not be the case). If things go well, I'll look to ~6930 as a guide for profit taking (assuming no strong demand zones are formed on the rally up).
Hopefully, we see a nice gap up into the ~6970 and a fall through.
With a 5-10 pip risk on this trade, Reward is just over 8X Risk (assuming my previous assumptions hold true).