The same pattern happened again and expect another pull back!
After a long run, bull has finally ran out of gas..
It's a matter of time until it breaks down!
If it breaks 7800 and stays above it, the next resistance level is 8100-8200. From the last few hours, volume has been pretty decent and likely to push the bulls up and away to 8100 with some minor retracements, only if retracement doesn't go below 7380 - 7400
As depicted in the picture. Next target: 7800 - 8100.
With ih&s broken passed the neckline and wave is heading to 3rd wave, i'd set TP around $7500
Need a dump before a pump, target 7800! Buy the dips!