The weekly looks to have topped out on its current wave based on the shooting star/doji pattern combo, which is supported by the stoch & MACD cycle-wise, while the overall trend is bullish in most respects, particularly that:
1. Its broken the long term downtrend resistance going back to early 2007 2. The 41/195 EMA bullish cross 3. Price is above the 41 EMA 4. The MACD is trending up
On the daily we can see the consolidation indicated by the comments on the weekly above. Most intersting to me is what looks like a shallow inverse H&S pattern which if correct is bullish and would provide a target of 0.41. The only question I have about the validity of the inverse H&S is on volume, but otherwise it lines up nicely.
