Looks like accumulation should be already done. Price is traped in a tight range forming falling wedge. TP1: 1,6000 (nearest) TP2: 1,7000 (long term and it will go higher, because on a weekly we are in a corrective structure and 2nd wave should start )
I think it still will go higher till tomorrow CPI. After the data it could give a wick and then correct down. The green line is a weekly resistance line which could be touched during the tomorrows volatility. It is heavily overbought almost on every timeframe.
1) weekly resistance 2) divergence between RSI and Price lines 3) last 2 weekly bars tells about confirmed possible trend change (shooting Star) 4) watch the volume - it goes along with the whole Idea
Possibly could be HnS formation developing ?...on a Weekly Chart. If it proves to be true, then 2.0000 should gravitate the price line.
Seems like Gartley... around 0.93773 could be bounce...