So while the triangle on the 15 hr is still valid, and should show a bullish pop up, we do have another heavy resistance at about $9,300-$9,450. Not to mention, if you take a look at the 4 hour chart, we are forming (have formed) a nice ascending wedge, which again with traditional TA would indicate a bearish change coming.
There is conflicting data from indicators, Stoch RSI is looking promising for another drive up, but it will likely be short lived and take us to the $9,350-$9,400 range. At that point it will still be in the ascending wedge and if it stays there too long, when RSI and shows overbought, it will likely drop out of the wedge and who knows how far it could go...but then again....what we have been predicting via traditional TA can disappear very easily. As always, be careful out there. No clear directions either way in my book. Very interesting action.
