Looking set to hit 11K soon. We have the breakout of the large descending wedge which gave us a target of 11K. We are now forming both an ascending wedge (bearish) and ascending triangle (bullish) which both seem set to take us to the target before dropping us back to the support of the larger ascending triangle in orange.
Supporting move up to target:
- Ascending triangle
- 8, 13, 21 EMA crossover of 55 EMA (3 hour)
- Back above mid point of BB
Bearish:
- Oversold fisher transform (though I am not worried about this)
Neutral:
- Parabolic sar momentum waning (albeit still bullish)
Choose your stop where you see fit.
Supporting move up to target:
- Ascending triangle
- 8, 13, 21 EMA crossover of 55 EMA (3 hour)
- Back above mid point of BB
Bearish:
- Oversold fisher transform (though I am not worried about this)
Neutral:
- Parabolic sar momentum waning (albeit still bullish)
Choose your stop where you see fit.
