Well, we didn't quite reach the 'expected' RHnS pattern min objective(70c) but we didn't get the initial back-test 1st either. So maybe that's what is happening now (down to 57c) before further advance. Note: there is reasonable chart horizontal suppt at 61c as well, and that is today's GAP up fill level(filled), so could be good enough.
The 2_Hourly Chart below shows that we are still very much within the Short-term Uptrend (my A.P "Road Map" or even the 'dotted' Uptrend Channel ... take your pick) BUT also still within the confines of the (pink)Down-trend Channel. Until we clear that to the upside (i.e. consolidation outside) we have to remain "on alert". It will happen (IMHO) but when is the question?
Who knows but we also could 'mapping out' a larger R.HnS Pattern; can you see that? (Hint, neckline at ~ 69c).
Regardless, LTH'ers just sit back, remain patient but (Traders) have your stoppies in place.
My sentiment still remains the same!
Charts, page-577
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