Weekly Price has bounced off our breakout support. Momentum has shifted towards upside. Major Resistance @ $750
Daily Price has broke out of descending wedge. Higher Low formed inside major support ($500) Late entry possible, ride to $750 No signs of daily momentum slowing down.
4Hour Switching over to our pattern timeframe we can see price has broke out of it's consolidation zone $500-$540 No signs of slowing down in price or momentum. Late entry is possible if you can handle a minor correction, other wise wait for resistance @ $750
Hourly Lastly looking at our trigger timeframe we can see price has broken out of a bullish pennant and is continuing is bull run. A break and close on the hourly above $615 triggers our next possible entry.
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