We curently channel around 8358 resistance / support
After a major dump probably due to the H&S started 28 april ending yesterday
1/ we break down at 4AM and follow the previous downtrend : 7900 tomorrow, then 7800 corresponding to 8900 - 1100 size of the H&S - berish scenario
2/ The today bull flag after 8358 chanel exit at 4AM sunday give positive trend and we...
8901 is a value we know well : it a stong base for the big H&S that could :
- send back to 8901
- then bounce to 9400-9500
- retrace to 7800 = 20/21 may
The size of this H&S is around 1100$ : 8901 - 1100 = 7800
The danger for user is to take right shoulder as a good signal to cross again 10k, the would be disapointent if my scenario is valid.
3-7 may H&S get us to 9200. I hope bullish trend would pull up but we loose the 7 may evening window for that and go sideway.
The bullish trend and recent retrace will cross on 9280 support then im waiting a little bounce to 9400 to sell before the down trend with 9100 target.
Still in bullish trend but calendar and holliday are responsible for low market dynamic : this evening is a good window opportunity to pump and cross 10k...or not before a week, then it will continue to go sideway untill 14 May