Couple forms of analysis. Wave count and Wyckoff distribution. Pretty early but today's high may have been an up thrust after distribution supported by volume. If channel breaks to upside and finds support at upper channel, then analysis incorrect and will look for higher prices from here.
Comment:
I reassessed my count and changed Wave B from and (A)(B)(C) to a (W)(X)(Y). Nomenclature change only. Higher level count still the same at this point.
