-Closing thoughts: Price recently rejected MA 21 & MA 50 (You can't see them because I didn't want to add to the clutter.) Price also broke past 2 critical zones: high demand zone
(orange) and a very strong support zone
(red.) With these recent actions in mind, on top of the current RSI
view, I am expecting a correction here soon around the high demand line (orange.) Once there is a clear view of reversal (or continuation,) I will seek a short opportunity and continue into the bull market. Once in the bull market my target zone will be @ the intersection of extreme demand (blue) and the old fair line price (pink) which has become a pivotal Support/Resistance
Once we reach around the target zone I will watch closely because the momentum may change and force me to move onto theory #2 which I will link. Either way, for now I am seeking a short opportunity.