Short Term Bearish Bias
Weekly still looks extremely bullish and monthly is one of my favorite charts.
However, daily is looking somewhat weak and prime for a pullback. Daily RSI rolling over and MACD bearish crossover sitting on the support of the inner channel (orange). No clear volume shelf until 16-18 levels. Possibly pattern support at 19.50.
Short term is wait for a pullback and bounce on support for next leg up.
However, daily is looking somewhat weak and prime for a pullback. Daily RSI rolling over and MACD bearish crossover sitting on the support of the inner channel (orange). No clear volume shelf until 16-18 levels. Possibly pattern support at 19.50.
Short term is wait for a pullback and bounce on support for next leg up.
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