After the recent bounce up from the bottom trendline of the green 1 day symmetrical triangle pattern we can now see that that pattern's probability has increased significantly. At the same time we also have a giant 1 day ascending H&S in play at the moment (its neckline indicated by the red ascending trendliine) I think this will probably be a fakeout as if it were to trigger that projected breakdown target of that H&S pattern would be 5,000. I don't see us diving as low as 5k unless of course our current bull market is already over and the elliot wave theorists are correct. Much smaller probability that that is the case but still worth considering. So I will be keeping a close eye on price action to ensure we don't close 3 or more consecutive 1 day candles below that ascending red trendline. If my assumption is correct and it is indeed a fakeout then I anticipate we could break up bullishly from the symmetrical triangle right around the area where the red ascending trendline converges with the green top trendline of the triangle. On our journey there however we could see candle wicks that reach down as low as 8k and maybe even 7.2k but ultimately as long as we dont close 3 or more consecutive 1 day candles below the ascending red H&S neckline we should break up bullishly from the triangle. For now because the H&S is still in play I must leave this idea neutral even though my bias is currently leaning more bullish.