This is currently pushing up against and old fib to the downside %50 @ 46.22, this is the 3rd retest and it did not retrace by much looks like we could see a breakout to the upside possibly to 47.26 there is still resistance above at 46.49 and 47.26 look at the 15 minute for a good entry 20 cent stop profit of 50 cents or more.
This has bounced a few times at the $43.94 on the 4hr, has made a higher high, and and higher low at the moment we are sideways might be a good area to pick up some longs on a pullback, expect a runner above $44.72
Stopped out of my short key reversal at $43.94 on the 4hr good support this will go much higher. Look for an entry on the pull back, as of now may be $44.41, the rest of the week may be a good ride to the top
This might hold and go higher but could be an excellent opportunity for a short term short. Sell the %50 1st target 43.38, could 2nd target 42.99 and could be a strong reversal.
We broke down a little overnight for a small pullback surprisingly I was expecting price to retrace to the lows, held a one hour fib to the upside, buy the pullback at the 50% small fib for the 15 minute chart be careful with the top of this channel it will be heave resistance.
Okay 1hr fib has been retraced to the 61.8%, At the current time of publishing stochastics oversold on the 15 minute, overbought on the one hour. This could hold at $44.72 and go lower but we do have a channel support half way into the channel. Waiting for volume to show the direction of the market.
