As you can see price formed a Double Top formation and is now respecting a Quarter level. We do have Divergence on the RSI, indicating we could potentially be going higher. Definitely one to watch this week.
We could see a Break and Retest scenario to the downside considering a huge Bullish rally has taken place already. So far we see a confirmation of Quarter Level respect. Yet to await further confirmation.
Market structure created a level of support and could be seen as a potential Head and Shoulders pattern in the making. Could be an opportunity for short term buys for a bearish swing to continue the high time frame trend.