I started a position in this one today, so I thought I had...

I started a position in this one today, so I thought I had better post a chart. In a short term sense there are 3 pitchforks on the chart which are framing price. Red, Green and cyan.

The red fork as you can see has capped price, and we are hard up against it's resistance tine. The green fork describes the sideways movement, and it's support tine has been reached. The cyan fork accurately described the last little rise, and we have now reached the first support warning line.

Essentially all that means is that price has been drawn to the convergence of the red, green and cyan lines, and something will give. I am not sure which, but obviously I am betting things will go up, otherwise I would not have bought.