After the simple ABC correction I am seeing this Head and Shoulder Reversal Pattern in formation as part of an Elliott Wave Impulse Wave. If so with the confirmation line slanting upwards this would signify a strong rise to the following targets:- H&S Target : $5134 Touch with Broadening Top Line & R2 : $5400 Of course these are only my ideas but I am long in case of such a rise! onlinetradingconcepts.com/TechnicalAnalysis/ClassicCharting/HeadShoulders.html