9.7-9.8K is a next target

Greetings everybody,

So, our bullish scenario is completed on 1H chart and now we could increase the scale a bit, turning to 4H chart. Now we see two potential patterns. First one is AB-CD with 9.7-9.8K target that agrees with major 5/8 Fib resistance level. This is our next objective point.

Next one is potential H&S pattern, with the neckline right at this 9.8K Fib level, but this is the subject for next week discussion.

As market has broken the trend line, Fib K-resistance area - it confirms short-term bullish context. Thus, we could expect upside continuation.