SUMMARY
The evening update had shown a upward pointing wedge and a minor correction was projected. Overnight price action has declined a bit and likely placing an abc retracement wave.
The abc is probably a ZigZag where already five subwaves of the wave A is identifiable and the abc subwaves of the red B as well. The red C wave will consist of five subwaves. It's likely that price will return to the upper white line of the wedge and sit on it as support before resuming upwards. That support line needs to hold and any decisive breach downwards would imply other waves and patterns.
The wedge outlined in blue could be a fractal of the white wedge. The first had an abc and price resumed upwards. The current wedge is also doing that abc retracement and likely will resume upwards.
The Head & Shoulders pattern completion would mean that price needs to breach the upper $9,451. That would then confirm the pattern. Volume is not perfect in confirmation since one Left SHoulder peak is higher than the highest volume peak in the Head; however, overall, the volume patterns very well.
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