Simple technicals of trenlines and horizontal resistance and support.
A war of supply and demand, could we shoot straight to my favoured $8500 target zone or pullback first to $6000 zone before going to my targeted zone if $6000 holds as support.
Looking for a retest of outer trendline and a possible break of that trendline after formation of the double bottom. 1294 first target and if we get a breakout then 1310 second long term target.