In the range we are at now, we can see two HD not confirmed yet.
Even if its a small timeframe. I believe this could be the key for the coming movements on the bigger timeframes.
If the HS breaks down the neckline, it would loose the 1D MA50. Starting a C wave down on the 1D chart.
If the inverted HS breaks up, we would probably see a new local high around 7400. Fighting for an upward movement to the range of 8000.
Even if its a small timeframe. I believe this could be the key for the coming movements on the bigger timeframes.
If the HS breaks down the neckline, it would loose the 1D MA50. Starting a C wave down on the 1D chart.
If the inverted HS breaks up, we would probably see a new local high around 7400. Fighting for an upward movement to the range of 8000.
Comment:
Just wait for confirmation