From what I see we're forming Adam & Eve or some might call cup and handle. Regardless - both are bullish patterns.
Measured moves targets are shown in the chart, but as many of you know, they can be well overshot depending on liquidity and the exchange you're trading at.
First target as profit taking from current zone could be seen at $9700-9950.
After we reach first profit taking target I expect retracement to around $9400-9500 before finally breaking important $10000 zone.
My initial target is $12100 and I'm sticking to it.
Not much to add here. Enjoy profitable November bulls. Until the next one!
@marcusrevelles, Hey Marcus :) Look at it as a slow parabolic move towards $9930. Every dip is buying opportunity imo. In last idea I stated, that my buy orders will be opened in 9000-9250 zone. I'm already in a trade. Right now look for the best dip and enjoy the ride.