Point and Figure 
We've just resolved the long pole of X's from July 18. That means we have no long poles going all the way back to October 2017. That is almost a year of consolidation. We are forming a long pole of O's now though, with 12 O's in today's column. 30/41 long poles of O's are taller than 12 O's. A daily close above $7,110 would resolve this brand new pole of O's.
We are very close to Support Levels 
These are support levels I've been talking about a few weeks worth of past posts. Proper support is about $6,750. We are very close to it here.
This support area is made of these (as drawn on chart above):
- volume node (purple) 6630-6760.
- original break out of inverse H&S (teal) 6770.
- 23% fib 6760.
- long pole resolution <6900.
- wyckoff throwback: 6753
This support level could push us up to 9k-10k where there is strong resistance. From there the market will decide to push us back down to support at 4.3k (likely) or will break up out of 10k (exciting).
EDIT: https://www.tradingview.com/x/8ccrvqad/ touch down on inverse H&S breakout (teal) just now. A lower low against the right shoulder would be extremely bearish, a sign that we are unlikely to retest 9-10k before new lows. Anywhere between here and the orange has good R:R for buy.
Also will be watching for a 4 part 4 hour bull div on the RSI: 
You might think, why would the 3 part 4 hour bull div fail but this one work out? Well you might remember my post from earlier when we had the 4 hour bull div and I mentioned it won't play out well. The difference here is we are now at/near support. We are finally at support so this one could play out nice. That would confirm 6.5 hours from now so will need to wait and see of course but sometimes when we touch down on support like this you can see them coming way before they arrive. So I will set alarms for 6 hours from now to watch for that.
