It appears that some version of a wyckoff or (minus the spike in the middle) a cup and handle pattern is forming. Sentiment during this market would typically have it simply just go back down. Upon writing this, a small bullish crossover on the rsi could occur, also with the EMA and MA indicators on the chart having a bullish crossover about to occur. Because candles have closed above the EMA and MA, its possible it could still pump up and prove to sqeeze shorts in this region.