To break-up or to break-down?

29 Jul 2021

Declining Volume and increasing resistance, but it does look like there could be a pullback if it breaks to the downside. However, long-term uptrend is still very strong. I do think we will continue a little bit higher, before a correction, but could have a pullback in a few days or so.

30 Jul 2021

Nota

I should have been more clear. IMO, we are due for a slight pullback, but as I said, I think we will move higher before a correction. So, I don't think it will break downward yet. Maybe move to around 436 or 435 before a bounce back. However, the reason for the chart is that there certainly could be a break in the trend coming (**see previous triangles). Cheers!