We see less to support this bull run than previous runs, however there's still enough to push us to ~15.000 in my opinion, or at least close to it over the coming days. If you're not already in, we may head sideways for a day around the 14.500 support line. On the hourly chart entries in the cloud 14.270–14.380.
Should this hold, we'll arrive at the 15.000 mark by 6am tomorrow morning (Brasilia Time). The only way I can see this happening is when Asian markets come online and push this bull further throughout the night. If we make 15.000 by tomorrow morning, expect a pull back to to 14.500 before continuation of trend.
Fib extension drawn from last breakout to ATH to retracement bottom. Shows resistance at the following points:
1. 16.744 / 50%
2. 16.964 / 78.6%
3. 17.278 / 100%
3. ~18.800 / 161.8% (!!! Don't hodl your breath for this though)
We formed a pennant over the last 24 hours with a break to the upside confirming with a break through the 38.2% fib resistance line (confirmed by consolidation of previous candles). Our target for the pennant breakout is between 100% fib extension (17.676) and ~18.000 (coincides with psychological resistance, round number). This is the target range.
Volume still supports a bull run to the upside and RSI is making a move up also.
Recommended stop-loss at 16.252 (23.6% fib)