Weekly chart looks constructive — 
OPEN has pulled back to the 10-week MA on lighter volume after a strong prior run. The weekly structure remains intact despite a ~36% pullback, and volume has been drying up, indicating normal consolidation.
A strong-volume breakout through the short-term downtrend could confirm a trend resumption and signal the next leg higher.
I’ll turn cautious if heavy selling volume appears and price breaks below $6.90 — that would invalidate the setup for now.
OPEN has pulled back to the 10-week MA on lighter volume after a strong prior run. The weekly structure remains intact despite a ~36% pullback, and volume has been drying up, indicating normal consolidation.A strong-volume breakout through the short-term downtrend could confirm a trend resumption and signal the next leg higher.
I’ll turn cautious if heavy selling volume appears and price breaks below $6.90 — that would invalidate the setup for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.