Local slump of the quotes took place on the
back of daily divergence of oscillator.There were cases in the history of this upward rally already when market didn’t give a damn to such divergences. But a feeling of overheating preserves, therefore we can consider only one more upward swing
in direction of the upper 9171.
At the same time current decline may head
in direction of the middle (7658).
A was formed from the dynamic
support 8519 (middle ), that also confirms actuality of upward scenario in direction 9171 (upper band).
On hourly chart a counter-signal is present
(in relation to H4-pin) - break of the lower . Such setup is being traded as a rule from the middle band (8639 mark, watch the red trajectory). Thus break of upper ($8780) might cancel this signal (black arrow).
Main scenario: Touch of 8639 and then decline
in direction 8100.
Alternative scenario: Growth above 8680 and
further movement towards 9171.
Shorts from the 8639 towards 8100.
Longs to break 8680 towards 9171.