Simple idea using fibs, resistance line and a parallel channel
. Seems we will likely either break down to complete the H&S
on larger time scales (to ~8k perhaps) or up through the resistance line to form an ascending triangle
, A&E, or some similar pattern. If the latter, circles suggest some points likely to see resistance based on Nov retrace to Dec high fib. RSI
also trending upwards. Any thoughts/criticism welcome, new to this space. Thanks.