Extremely bullish setup if it can stay above the cloud on the 3hr chart.
Potential for a cup & handle formation which will be formed by bouncing off the bottom support line.
Possible setup for a confirmed trend reversal with the 100 day MA possibly intersecting with the 50 day MA inside the cloud. Long position will be added to heavily if confirmed.
Bouncing off top end of the trend line created at ATH.
Assuming this latest bull run is still in tact, our 23.60% fib retracement level ($160) has provided strong support 3 times now and on high volume. I expect some volatility in between our 23.60% fib ($160) and the top of our bull run before the fib extension ($184) before ultimately consolidating and pushing for new highs. I will be a strong buyer all the way...