It appears we may have a brief pullback to the Bollinger Band Basis in the 12h time frame. I'm not seeing this as being a deep pullback with a reversal to long term bear trend. I currently see at least one more 9-Day candle of upward pressure likely to continue. Which is why I draw the conclusion that the price action may pullback only to the Basis in the 12h and turn back up once more to run up to around $150 to 160 price before potential major pullback. This is a SHORT TERM ANALYSIS. This by no means is a Near Term, Mid Term or Long Term Analysis. This is labeled a short position for the SHORT TERM.
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