Wyckoff Logic
Corrective structure to resistance after break down, inside bar formation.
Daily range, price reversed after forming a daily pin bar at resistance, resulting in a downtrend on smaller time frames. The following levels were broken: monthly open, weekly open, last week low, weekly 50 sma, daily 200 sma (all in the same place).
Continuation pattern, price a bit extended, but with good momentum, let's see how it goes.
50% retracement area, dynamic support and after range breakout
Weekly level, dynamic resistance, 50% retracement.
Engulfing pattern formation after breakout. All of this part of a bigger, weekly range.