It seems we are consolidating on lower time frames before the next big move, 3d candle closes tonight and the 1 week candle closes tomorrow night. While the 3d is looking like it will have nice bearish wick (at the moment), I could easily see this being a trap for the bears and thus we would have a nice rally going into tomorrow night to close the 1 week candle. It should be interesting to see how this week closes out...my bias is that we break out to the upside as this seems like just the beginning of the next big bull move, but it could certainly go either way. If we break to the downside the 1 week candle will close very bearish. Time will tell.
