Is this denial? Where is 5k?

Updated
As long as I am afraid that we are in the denial period of this chart pattern.
https://pbs.twimg.com/media/DPJ10ssXcAAl7Zu.jpg

Furthermore I am thinkin we will se 12.6k and then a correction to 8-9K level. If it turns from 11.7k then we might see 5k level. This is all speculation. But even if ve see 9k there is a %25 profit.
Note
The first target reached. But I doubt it will go to second target since we broke bullish trend support. We will see a short term rise since indicators shows oversold and a midterm bearish fall!
Beyond Technical AnalysisChart PatternsdenialtoangermarketpsychologyrshsTrend Analysis

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