Here’s something to watch for the possibility in the upcoming days/week.

Monthly & Daily

First on the monthly chart the stoch is entering the OS zone and bulls would like to see price rise above the monthly 5 MA. Looking at the daily chart price is trapped and approaching the apex of a wedge. Somewhere in the white circle we would need to see a rally get underway and have price rise above the Daily 5 MA. Also watch the macd on the '0' line to cross up. 'If' we get these then price should breakout of the wedge to the upside and likely 'Then' rise above the Daily 233 which would be the signal that the monthly is likely to move in the direction planned. Or, it can always fall thru the wedge for the bears plan but either way the 15 min is a good place to watch the price action.

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