for the past three weeks the weekly range has been compacting. it has also been making lower lows and lower highs. thats why i made ranges with horizontal lines, to illustrate the range compacting. and also you can see the range is making lower lows lower highs.
450-419 is a very compacted and tight weekly range and something big is about to happen. you can even see the daily candles too are small bodied.
i would be concerned if price broke 450, at 500 i would be full . however i dont really expect even the daily high of 435 to get much action.
fud is coming out of china soon.