Here is a look at my Weekly MT4 Chart from ODL which just closed at 8PM EST. I went back as far as 1978 and did not see any formation like this from then up to this present time. Shown here are four consecutive inside candles on the weekly chart. Some might argue that #3 is not a technical 'inside candle' because the 'body' doesn't fall within the previous candle's 'body', but each successive candle shows a lower high and a higher low than the previous candle. Candles #1 and #2 could be considered double-tops as well as candles #3 and #4. There is an obvious wedge/triangle formed by these candles as well. The breakout we all thought would happen last week was delayed. Perhaps it will occur this week. A few traders had speculated last week on this thread that 'the breakout' wouldn't happen until the interest rate news on Tuesday of this week. It looks like that might be the case. Last week's high was 234.78 and the low was 228.62. We are currently sitting right in the middle of that around 231.50. Given the lower highs and higher lows of the last four weeks I would be looking for a move in price above last week's high or beneath last week's low for longer-term direction (not that there isn't money to be made in between those barriers). My opinion for the week is down, though we could see upward movement before a move down.
M2B
M2B