The heavily watched bear trend line from the ATH is fast approaching -- ideally I would like to see price action sleep walk through that area and then take off to the upside.
I also added the triple bollinger bands to show how tight we have gotten on the weekly scale -- you actually have to go back to early 2013 pre-$266 bubble to find us this tight on the bands suggesting an explosive move out of this consolidation.
Lastly , SCMR trends has printed a signal for long entry that looks very compelling to take a long position with a tight stop. I am looking for this to pick up some upside steam in the next 1-2 weeks -- specifically mid-July
I also added the triple bollinger bands to show how tight we have gotten on the weekly scale -- you actually have to go back to early 2013 pre-$266 bubble to find us this tight on the bands suggesting an explosive move out of this consolidation.
Lastly , SCMR trends has printed a signal for long entry that looks very compelling to take a long position with a tight stop. I am looking for this to pick up some upside steam in the next 1-2 weeks -- specifically mid-July