Inverted daily H & S
What I'm seeing on the daily is either a cup and handle or an inverted head and shoulders pattern on the daily. The Cup & Handle would obviously create more bullish pressure sooner than later. A break down would likely confirm an inverted head and shoulders, finding support at around $2,850, corresponding with a break above the 
4K resistance and back to all time highs. NFA, DYOR
4K resistance and back to all time highs. NFA, DYORTrade active
Meant $4,000 resistance*Trade closed: target reached
Target was ridiculously close to my price target of $2850, with a low closed near $2925. Would not be surprised to see another bounce off that area, but looks like a good V-shape recovery and the risk/reward at this level is outstanding. I anticipate the next target to be around $4800, then off to price discovery. NFA, DYOR, LFG!!
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Disclaimer
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.