Price has hit the back parralel in the action reaction set and is looking like it may point down. Look to see if the 2577 area hold as resistance yet again.
Price has come down and tested 2562. Price is starting to show consolidation. I have drawn in a new potential centerline and reaction line if price tries to go higher. Look for 2577 as resistance.
Price has risen to touch the upper median line again and has bounced several times. It looks like there may be a bit of selloff, so we have to break the upper blue median line and continue higher or we may come back down lower. Look at 2562 and 2543 as support.
Price is continuing to hit resistance multiple times here on the sliding parallel. We need to break this hard to the upside and continue higher, or els price will come again down to test the blue median line.
Price continues to ride along the sliding parallel without breaking higher. See if price can break noticeably higher and retest as support to continue upwards.
Price has broken 2577 and is headed to new highs. Look to see if price comes back down to retest 2577 or the sliding parallel to continue higher.
Price held at support on the sliding parallel and brok higher pas 2577. Look to see if price will come down and retest and hold as suport before going higher to try to test the upper median line again.
Price has made its way lower after hitting 2577. We need to watch price here and a little higher at 2577 to see if we have any resistance that would continue the down sloping fork. if price breaks 2562 look for 2541. If price rises above 2577 and tests as support look for the upper sliding parallel as resistance again.
Price has retouched the sliding parallel and showed resistance again. Look to see what price will do here. If we make a move to the upside, we have to break the sliding parallel and retest as support. If we are going to break down to 2480 area, we need a break of the blue line and retest on the way down.
Price has hit the sliding parallel and is moving up nicely to try to touch 2577 again. Look to see if price will break that level and retest as support to possible break out of the upper blue median line that is currently resistance. Notice how price bounced on the line that I had marked yesterday, so this was expected support.
Price has continued on bouncing from 2542 and has hit the upper median line again near 2577. Look to see if price will break to the upside and retest the blue line as support. Price is currently near resistance so see what it will do. We may also come down to test 2562 before as support.
Price has touched twice on the lower blue median line. Look to see if price continues higher and breaks the next sliding parallel that has been acting as resistance in the past.
I have drawn in the action reaction set to the upside. Price is contining to try to press igher than 2577. I have drawn in also the downsloping action reaction set to see if we get some movement on the upper line as resistance.
Price has held at 2541, and is now hitting resistance near 2569. Look to see if price comes back down from here. It looks like we are consolidating on this timeframe.
Price has dropped to the lower median line and touched and held as support again. Look to see if price moves higher from here. We are a bit over extended, so price needs to make new highs.
Price rose on support at 2541 area, and has broke above the sliding parallel again, so look to see if it holds as resistance and tries to push higher to 2577. We may start consolidating more if we can't get above 2577.
Price dropped and help support near 2541. We are retesting the back side of the sliding parallel, so see if price can rise above it. If not, we should see 2541 again, and then possible the middle median line retest
Price has come down to touch the lower blue median line. Look for price to hold here as support, but if it falls through look for the sliding parallel and 2481 to be the next support level.