The following is a top-down analysis that illustrates the bullish playbook and prospects of a deeper test of the bear's commitments in the monthly supply zone. {chart} The price, as it stands, is overextended on the upside and could be due for an immediate correction. However, generally speaking, the market likes to respect the 38.2% Fibonacci on retracements. For the 38.2% Fibonacci to align with the prior resistance structure, the bulls will need to take the cross deeper into the supply zone. This gives rise to prospects of a weekly continuation to the upside. {chart} As illustrated, there was a strong rejection of ... (full story)