The hourly is forming a clear head and shoulders at this stage which can take us back under $9,000 if it follows thru. We have a low risk (0.5%) entry here on this wick though the right shoulder may need more time to develop.
If the price doesn’t break above the head $210 higher than we have to be prepared for a follow thru of a breakdown on the neckline.
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.