Weekly

Looking at our trend timeframe we see price is currently respecting our long term dynamic and horizontal support. Momentum still looking bearish, however it has slowed down. Yesterday we had a push from $6,400 up to $6,700 and since have remained at this level. Is the market being manipulated or are the bulls showing up? Still expecting price to fall towards $4,500 if reject at $7,400-$7,600.

Daily

Shifting over to our pattern timeframe we see a couple of scenarios waiting to play out. Expecting a push towards $7,500 if we get a daily close above $6,700, however once target is reached expecting a higher low to form at our $6,700 support zone. If price holds at this higher low level expect a push toward the top of our wedge, however if we fail to hold a our higher low expect a drop towards $4,500. Momentum heavily shifted towards the upside, but this year has been crazy patience is key.

4Hour

Finally looking over at our trigger timeframe we see price is currently testing minor resistance, expecting price to consolidate at this zone for the next couple of hours possible 2-3 days. Momentum looks like it topped out and is slowing down, expecting an asian session push towards the upside.

Link To Chart

Conclusion

• Buy: After Daily Close Above $6,700
• Sell: NO

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.