As we see the graph formed an uptrend
, and broke through the resistance line, now many people expect correction
. Its absence will be the most unexpected outcome, and when everyone starts to think that there won't be a correction, it will happen
, but we'll not go anywhere without that TA, hence we build the next figure-head and shoulders
, the top
of the right shoulder
will be located at the level of 10000$-10200$
, just bouncing off the current resistance level
, which later becomes the level of support, in the intersection with the level of support for Fibo. Possibly at first we will see a small breakdown due to the stop-loss triggering
, after which we will see a strong rebound which will set up an uptrend for the future time. Also there is an option that breakdown happens and will have rapid growth without correction at the near future, but bound to be and be very strong and most unexpected.
Always remember that the market is playing against you and it is a very good player, so be careful and turn off your emotions. Good luck!