Everybody and their mama are calling for HnS. When this can be true and correct, there are some MAs crossed, that suggest a possible further movement upward.
It looks very similar to 2014 pattern. There is one major difference: purple MA crossed up the blue one (200) when it did not happen in 2014. Which makes me think, we have one more push to 10k region. (Blue line is very speculative), from where we correct, possibly to double bottom or lower.
MacD is something to watch for, once it crosses, the possibility of near correction becomes greater.
Stay safe :)
It looks very similar to 2014 pattern. There is one major difference: purple MA crossed up the blue one (200) when it did not happen in 2014. Which makes me think, we have one more push to 10k region. (Blue line is very speculative), from where we correct, possibly to double bottom or lower.
MacD is something to watch for, once it crosses, the possibility of near correction becomes greater.
Stay safe :)
Comment:
Second option would be going sideways and down from about this current level (8.3)
