According to the Principle every motive rally has to be corrected to a specific fibonacci level, of which has been happening, price correcting in a form of a channel. It appears that the short term trend up seems to be loosing momentum exactly at the 78.6% level which draws some attention to investors.
Price might drop significantly in the near future and this might happen faster than the side ways move we have been observing since mid March.
A happy trading to you all.
God Bless You.