What looked like a squeeze on the daily to the downside, now looks like a falling wedge
, which would bring prices to the upside. We also have a lot of hidden divergence indicating moves upward. Lastly, we see a breach of a minor trendline
within the wedge
. I see this breaking up towards the top of the wedge
, and then breaking out of that to hit a significant resistance level
, at which point we'll re evaluate.