Should see resistance as we near 52K but appearance of an inverse head and shoulders shows bullish intention if confirmed. Big gains to be made if 52K is broken within the next few days.
Note
Looking bullish so far as dips below the right shoulder trend line are bought up, leaving wicks. About 8-10 hours until the moment of truth, stay tuned.
Note
Returning to the bottom of the channel as 52k was hit too early with not enough steam. Channel is narrowing, will see decisive action very soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.