After an amazing move up as illustrated by the Dragons Belly pierce to the Oceans Surface and beyond, We are currently in a neutral position as the Dragon has formed an Eye and a Dragon Breathes Fire pattern., HOWEVER, the surface has been pierced on a weekly basis. I will be looking for a short position as price retests the $48.75 level (yellow dotted line). Any extended selling pressure, I will initiate a short position.
From the Pitchfork perspective, the upward (green) fork provided the long trade and very accurate resistance (profit) levels. Downward support is at $32 (green solid line). Good trading!