Ascending Triangle with tight proximity to the upper edge, Sitting above the major neckline and the smaller more recent one.
Sitting above the 25 day MA.
A break out to more than 36825 with volume confirmation would set us bullish to tackle the major shoulders.
Open Target 37200
Close Target 39200.
We have met the neck line and have been edging away from it for the last4 hours. If we an close 1 hour candle above the green line we can carry onwards to resistance - Support row at 36700-38400.
If we break the red line then its down to 27000, then possibly 23000.
Currently sitting on an apex of the overall lower trend line, the current H&S neck line which has been tested several times and the EMA ribbon.
1HR Candle closes below these we are Bears down to 31000, Closes above we could be Bullish to test resistance at 39800.
We are 26 minutes into a new 4 hour candle, the last one formed a higher shoulder. We have had a upwards momentum from the bottom on the neck line if we can close above this neckline I think we are back on the Bull run.
If not? See you at $23,000
If we break the neckline wait for a confirmed candle above the headline (All Time High) and the upwards direction...