W: major downtrend still being respected, stochastic rsi showing bullish momentum has topped out. However when looking at our most recent weekly candles we can see support is forming, a minor uptrend is intact.
D: shifting over to our pattern timeframe we see the same correctional elliot wave pattern playing out. a daily close above $225 is a good sign we continue towards $250. stochastic rsi showing bearish momentum has bottomed out and is turning a new leaf.
4H: more eye candy; 4hour resistance shown at $226 has been broken with our previous candle. stochastic rsi showing momentum heavily in favor of the bulls with no signs of slowing down. 4hr resistance at $245.
