Goodness, that would be an epic troll and would confuse the hell out of the market.

I've been keeping a head fake through $10.5K in mind for quite a while now. A short-lived wick into the $11,000s (the yellow squiggle) was the original trajectory for this idea:


However there is a possible impulsive interpretation here. Two possibilities I see:



A push to the $11,000s or $12,000s would likely suggest a higher degree Wave 1 to me. In that case I'm looking for a 0.382-0.618 retracement for Wave 2 and then a continued bull market.

Thanks for the updates as always.