For the next wave of continuation we should target 9400-9600 before we start to see some real resistance in the market. 9400usd is the 50% fib retrace from the 6000usd low to 11700usd high; expect a battle between bulls & bears around this key area.
Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close, which if the bull continues into the close of the day will paint a nice bullish hammer on the daily timeframe.
Of course this can be invalidated if we break the 8400 level; but it was a perfect swing low as it lined up with the daily pivot and 38% fib retrace from 7240usd low to 9100usd high.
Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close, which if the bull continues into the close of the day will paint a nice bullish hammer on the daily timeframe.
Of course this can be invalidated if we break the 8400 level; but it was a perfect swing low as it lined up with the daily pivot and 38% fib retrace from 7240usd low to 9100usd high.