DislikedI am seeing the same thing. Either price is going to head up and test the descending weekly trendline or it will head back down to 131 before meeting up with it. Regardless I am seeing 142 area for Monday. I'm definitely not seeing 150 though right now as the chart stands 148 at best and only if it went straight up from here which I don't think it will do.
AttachmentIgnored
closed all my shorts.
planning to re-short it at the bounce of the upper tl.
looking @ the 4 hr chart, we have a bullish engulfing pattern, not a good sign for shorts for now. most likely we will retest the high before the drop to 131.
should we have a bounce from 131 then 155, and 165 areas are definitely on the card. of course, we will have to watch carefully on 148 area first.
here's the fib exp based on the assumption that the price will bounce from 131 area.