All have been said in the previous posts.
The most crucial area is the Magenta Elipse that I called the Big Baller Trade Area where the Bulls or the Bears will lost their Shit!
It's just between the 0.5 and 0.382 Fib Retracement of the last uptrend.
From that Big Baller Area, both targets of Macro Higher High or Macro Lower Low can be seen.
Are you going to...
The price is below the Right Shoulder of the Head and Shoulder which has now turned to an Orange Color for Neutral Holding Play.
If Price break above 8699 I will be back to a Bullish Mode, If price break below 8375, I will consider some Bearish plays and change the Color of the Pattern to Red.
This might be the last Bullish setup of the Inverse Head and Shoulder before I switch the Pattern Color from Green to Orange.
Price is now sitting inside the Right Shoulder of the Inverse Head and Shoulder and rebounded at the 0.5 Fib Retracement of the last Bullish Trend.
A Break Down of the 0.5 Fib Retracement at $8,718.15 could be critical for the Bullish...
Since the first post there is no better vue and numbers than this chart for you to do your own analysis.
Just don't forget that a Green Pattern can Turn Orange or Red on Future Post, but all based with those numbers.
How well or poorly you could speculate at your own risk there if you want to try it out.
The ColorChartist has not quit the speculation game yet.
I am still annoyed to write and describe by analysis, so I'll keep it short.
In my opinion we are now trading in a Triangle Pattern with an eventual Head and Shoulder that could possibly form its Right Shoulder if we break down to the $7,350 area and bounce from there to the upward...