There are a couple of interpretations that fit quite well to the structure of price since it bottomed at around the 1,170.00 dollar price level. The lateralization created a neat base out of where price just recently shot up this past weekend. I am expecting it to surpass the 1,700.00 price target probably soon. Obviously, a clear sign that this scenario might not play out would be to see the price come down again in a strong way. I'll have to reconsider if I see the price come down to 1,350 or lower. If non of these concerns proof true, we might see the 2k price target smashed sooner than we think. Happy Trading. :)
