I should've been more specific - the "shoulders" are to the left and right of your red arrows.(The last set of two.)
The "head" is between the red arrows. Judging from the relative distance of the low to the peaks at the red arrows, it looks like the projected magnitude exceeds the current move by quite a bit.
Just general chart reading, which isn't always accurate. But I think we have a chance to breakout of the Daily triangle we've been winding in on.
I should've been more specific - the "shoulders" are to the left and right of your red arrows.(The last set of two.)
The "head" is between the red arrows. Judging from the relative distance of the low to the peaks at the red arrows, it looks like the projected magnitude exceeds the current move by quite a bit.
Just general chart reading, which isn't always accurate. But I think we have a chance to breakout of the Daily triangle we've been winding in on.
Ahhhh....now I see what you mean. If $2500 can hold as support, I think the $2600 might finally give way and we could see a huge really.