trend line support point broken & tested also head & shoulders pattern is on the way... good for short to hit 3 targets.
Watch for possible pull back to 20 EMA
Look to go long
the volume is the only thing that I concern but the volatility is really awesome
Demand zone highlighted in yellow.
Stop Loss: $8.52
R= $0.48 (5.33%)
It is possible now that the 31 will be tested now again.
Look at the previous pattern today. The same falling RSI and narrowing 5,10 MACD. The hour closed with a hammer and was followed by a jump. If the hour manages not to close below the former low then we may see another jump up.