Current scenarios on the 3 day chart:
Shorter time-frame analyses to follow to track the scenarios as they develop.
- After the big 3 day candle which closed yesterday, we're now waiting 3 days for the current candle to close. A close near current price will create a spinning top or indecision candle, which will suggest a strong move upwards (see blue box)
- Alternatively as per red box: possible dip to find support around $7425 as a launching pad for breaking through long-term strong resistance trendlines above.
Shorter time-frame analyses to follow to track the scenarios as they develop.
