Yesterday's daily close held above 1600-1650 priceline + 200EMA to prevent a possible bearish breakout.
A slight dip did occur shortly after however strong support has allowed us to form into a likely double-bottom recovery with an estimated push to 1800 (better seen on D1).
Expect long-term trendline (+ buffer) to act as resistance with weakening as we approach closer to an intersection point.
If this succeeds the next goal would be 2k following a similar step-like pattern, and potentially the last.
A slight dip did occur shortly after however strong support has allowed us to form into a likely double-bottom recovery with an estimated push to 1800 (better seen on D1).
Expect long-term trendline (+ buffer) to act as resistance with weakening as we approach closer to an intersection point.
If this succeeds the next goal would be 2k following a similar step-like pattern, and potentially the last.
