We may have a inverted h&s forming. If you take a parallel line from the neckline, the bottom of the right shoulder should be around 8180. This would be exactly the same as 50% fib retracement.
Another possibility is that we retrace to 61,8% golden pocket and that forms the right shoulder.
If this pattern forms, the target price after breaking the neckline would be around 13k.
Another possibility is that we retrace to 61,8% golden pocket and that forms the right shoulder.
If this pattern forms, the target price after breaking the neckline would be around 13k.
Comment:
Got a nice bounce. Here are my current thoughts:
