Scenario 1) Over the last 3 months, looks like a continuation wedge (bearish) chart has formed, outlined in blue. If breaks below the bottom trend line, could descend down to the support level at $132, and then start consolidating.
Scenario 2) Although, over the course of the last week, looks like a symmetrical continuation triangle (bullish) has formed, outline in green, and is nearing a potential break out.
Scenario 3) The trend may hit the bottom trend line (red), and then continue upward to find a new high.
Scenario 2) Although, over the course of the last week, looks like a symmetrical continuation triangle (bullish) has formed, outline in green, and is nearing a potential break out.
Scenario 3) The trend may hit the bottom trend line (red), and then continue upward to find a new high.