Failed and a rejection of the weekly supply zone are setting up for the fourth leg of a cypher pattern the "C" position. The "C" area looks to set us up for a nice buy in 2 potential zones a. A strong daily swing point the turn into a nice demand zone from A-B around the 16.51-17.42 area. Or b. a full retracement to A between 13.54-14.86 area. May see some short-term buying setups over the next few days and weeks because of this recent swing point between 18.56-19.85 area. Sitting on my hands and waiting for a or b setups to present themselves. The first target will be the weekly supply zone between 28.71-30.31, we'll see how it plays out!
Daily:
Weekly:
Daily:
Weekly: