I feel really good about this breaking up. Weekly closes in 2.5 hours, if it closes above 11550, I'm confident it will make the push up. If 11550 breaks, waterfall and lots of rekt longs.
This shakeout has happened before every up move in this larger channel. This could be the move.
Check out the chart, everything points to a test of 12100 at minimum. If that red line breaks down, I expect it to waterfall toward 10200-9800 range.
All technicals show there will be an attempt at breaking the 7 month downtrend line shortly, this could be the move if this is a true wave 3 here.
