We should pay attention in the coming days, since I think we will see a retracement soon.
As long as we're producing weekly highs every 5 weeks, we're in a strong uptrend, specially while sitting above the weekly mode, from where a 18 week rally launched in time at mode terms.
Next step would be to look for retracement entries to go long, unless the setup gets invalidated.
The aggressive entry location would do for a good entry, but the stop loss is considerably wide, that's why I label this chart as neutral.
I'll update it if a new setup worth your attention shows up on the daily and weekly timeframes.
I went short using futures but covered early and booked my 1.33% profits.
I'm monitoring price action for clarity, I think my estimation of 14 days worth of correction might be correct.
I doubt the trend is down again.
Adding a fib time overlay gives me a few more days left of correction.
It's interesting to note that the Rgmov indicator looks like it has found a very significant bottom, and the monthly chart has fired a 6 month uptrend, which is a very strong signal for the bulls to wait for the retracement to rebuy.