Looking at our highest timeframe we see price bouncing off our dynamic support level from September. Stochastic RSI showing momentum remaining bearish, however we are starting to bottom out. Double bottom formation expect to form at this level.
Shifting over to our pattern timeframe we see price respecting horizontal and dynamic support at $7,000. Wammie double bottom formation expected to from at this level, confirmation with daily close above $7,600. First resistance at $8,400. Stochastic RSI remaining bullish.
Last but not least looking at our trigger timeframe we see price tested and confirmed an inverse head and shoulders. Momentum remaining bullish, expecting price to reach $8,000 followed by a small retrace met towards $7,700-$7,800 only to continue towards $8,400.
