What a juicy sesh occured overnight!
First off my bear flag which i was watching for the bearish situation got absolutely raped, but before we push it aside here is a little reminder :
However, by keeping an eye on that support line that I mentioned had copped a constant beating (3 hits prior to the break) we were able to see it get absolutely demolished through! With price rising directly up from my wedge and impulsing beautifully !
Another stupid mistake i made was disregard the H&S... BUT USE THE NECKLINE AS MY UPPER WEDGE LINE!!
So really technically, although volume did not confirm a right shoulder, we eventually got that breakout of the neckline and saw prices impulse as they should after the Head & Shoulders Pattern.
However looking forward now, we have seen the 9k resistance broken and are currently hitting and bouncing off the 9500 resistance .
(9000 being the first indicator of a bullish situation, 9500 being the second indicator and nearly confirming uptrend)
No doubt in my mind we will break this extremely shortly. (we did as i was writing this lol)
Here is my main bullish play which i am currently keeping a very strong eye on , although there is the possibility of this being a Bear Flag at completion.
For now i am focussing on a future bullish target of around $10,800 where once price hits we reassess.
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!