My previous idea was a sell signal below $2540 with a first target @$2300.That was a pitchfork-based breakout setup:
Now the market is rangebound in the short-term. To resume the longer term uptrend we need to break the $2650-2670 resistance, which aligns with the new Pitchfork. This correction phase may be extended if the key support of $2320 is broken.
Comment:
Pay attention to this intraday H&S Bottom pattern. Neckline break can accelarate growth:
