Looks like Grtley pattern is creating, let's see. What does mean to us? -> 6720 level in short term and after that some head&shoulders seems to be occuring. This would lead us to $8000-8100.
Generally no I can see in this particular case. Looks like accumulation/distribution, however I strongly believe that after hitting 8100 we will drop to 5800 zone, where another harmonic pattern can be seen.
Time will verify everything
Generally no I can see in this particular case. Looks like accumulation/distribution, however I strongly believe that after hitting 8100 we will drop to 5800 zone, where another harmonic pattern can be seen.
Time will verify everything
Comment:
By the way there are some clusters at $7000 so maybe the retracement will be not so deep. Anyway it's just an idea.