General Tone:
Resistance $7,523 and $7,750 Broken. We hit trend line resistance established from far back.
above the 55 EMA, to signal a rally the following day.
A break above $11,200, sets us up for a rally to $11,788 in the short term.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Here is an elliot wave count.
Earlier I posted this:
we break the trend line channel resistance with easy
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Will provide more information soon. I see two EW counts.
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This could be a very viable count and is my main one. Alternate is below
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