Thank you! It never made it to the 13000/14000 level, but it did pullback. For it to reach 13000, it would have had to leave the Fibonacci Fan, which would mean a new uptrend. In hindsight, it was too early for a new uptrend, so it retested the previous support level of 6K.
However, it just left the Fibonacci Fan within the past week after someone made a huge move to the upside, so IMO that makes for a nice buy point.
Thank you! It never made it to the 13000/14000 level, but it did pullback. For it to reach 13000, it would have had to leave the Fibonacci Fan, which would mean a new uptrend. In hindsight, it was too early for a new uptrend, so it retested the previous support level of 6K.
However, it just left the Fibonacci Fan within the past week after someone made a huge move to the upside, so IMO that makes for a nice buy point.