The bulls are back in town! 
The weekly candle is beautiful. Daily BB squeeze triggered and confirmed. If the daily candle closes in the mid/upper $8,300s (or higher) we'll have a three white soldiers pattern on the chart:
This high volume wicking might indicate temporary exhaustion. OBV looks super bullish though. I don't think bulls are done quite yet but there could be some consolidation in the cards:
Wave (iii) in this potential count has extended well past the 1.618 extension of (i) so it's highly likely this move is impulsive. Which means after another short term consolidation there should be more upside. Here's a squiggle, just an idea:
I think we're building towards this scenario. We've tagged the 20-week MA. Still looking for a test of this downtrend channel:
The weekly candle is beautiful. Daily BB squeeze triggered and confirmed. If the daily candle closes in the mid/upper $8,300s (or higher) we'll have a three white soldiers pattern on the chart:
This high volume wicking might indicate temporary exhaustion. OBV looks super bullish though. I don't think bulls are done quite yet but there could be some consolidation in the cards:
Wave (iii) in this potential count has extended well past the 1.618 extension of (i) so it's highly likely this move is impulsive. Which means after another short term consolidation there should be more upside. Here's a squiggle, just an idea:
I think we're building towards this scenario. We've tagged the 20-week MA. Still looking for a test of this downtrend channel: