Current resistance form the 4hr charts 200ma (in blue is causing us to form a bull flag...the pole of the bull flag should send us to a target just under 6.8k and allow us to finally surpass the 200ma and hopefully flip it from resistance to solidified support. I have a feeling FOMO will send us slightly above the 6.8 zone to 6.9k and possibly even to test the psychological 7k line if we are to have a successful bull break. I'm feeling optimistic about the likelihood of a break upwards so I'm listing this idea as long. Of course I will as always be prepared and ready for the exact opposite outcome as well.
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looking like more of an ascending pennant at this point: s3.amazonaws.com/tra...shots/i/iI140RBT.png
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The Ascending Bull Pennant has morphed back into a standard bull flag: www.youtube.com/watch?v=vlD083ko...
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wrong link the youtube link is irrelevant meant to post this instead: s3.amazonaws.com/tra...shots/j/JaT8ySsM.png
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it may be turning into a descending pennant: s3.amazonaws.com/tra...shots/0/0LzhPsjm.png