Price created a new high followed by a set of lows. Price could potentially be falling to a support level that has had multiple rejections. Price appears to be creating a bullish pennant where it could potential continue the up trend.
Price created a new a high followed by a a set of lows. Price is continuing its uptrend and forming a pennant where price could potentially find support for a trend continuation. Down and then up.
Price is at a 2 year high and currently overbought, breaking a level and retesting in an uptrend.