Weekly we are having a nice and all smaller timeframes show the same. It is just a matter of time before it goes up. The scenario that it goes back in the channel less likely to happen than breaking up from this consolidation.
We have three key levels in the chart, which are shown as blue lines. The lowest one is the multi-year . The second one is the resistance of end/begin 2014. The third one is the potential for turing back, this is also a massive resistance.
Monthly we are also seeing a lot of rejection wicks near the yearly .