After extension of downtrend leg, running into key support. However there is till room to go short to the next fibonacci level and key support. Best to wait for push into upper region of MA cross before taking short position with stop loss just above the previous high at around 232
Unable to significantly break out of inverted head and shoulder, price continues to revolve around a 240USD median. Price channel between 235 and 245. As long as price doesn't break 235, expect another test to 245, especially if price doesn't break 238 previous low.
Price action continues to oscillate around the neckline of the head and shoulders formation at 240 USD. Consistently higher lows are a good sign of a continued bull run
