The Dark Cloud Cover candle on the hourly leads me to believe we are about start to trend down from the larger trend.
I think it's probably safe to say in the next few hours/days will start to show a lower high and lower low at the top trend. I surmise the shift of the trend and the lower high will be at about 419. All and all a pullback to 402 is probably imminent or already underway. It's healthy. Once we get to fill that gap from early April, we will easily retrace and surpass the highs. Bearish short term, Bullish med/long term.
I think it's probably safe to say in the next few hours/days will start to show a lower high and lower low at the top trend. I surmise the shift of the trend and the lower high will be at about 419. All and all a pullback to 402 is probably imminent or already underway. It's healthy. Once we get to fill that gap from early April, we will easily retrace and surpass the highs. Bearish short term, Bullish med/long term.
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