- CODE RED - accumulation phase (since we're close to this level) we have to carefully watch and price action. We should see pattern with price bouncing and the critical price is where I marked green box below blue one. Price can't close below it (remember that quick moves/peaks can be little bit lower to wipe off long positions, but price can't close below it). If we can see this, we can expect hudge move upward, but I don't believe we will go higher than 9000 in one step, so I'm pretty sure TP: 9000, next some pullback and next higher levels.
- CODE ORANGE - we go down to 7400, if process will repeat 5k+
That's all for now