On the weekly chart, price has reached a 270degree Gann line off 74.655 and a Speedline Grid line too. Add in the overbought conditions of the weeks 1-3 SMi, and there is reason to expect at least consolidation, if nothing more in this area. My EW count is looking for 'b' up to end somewhere and 'c' of 'C' to begin, so I am keen to catch it.
Although the Trend Line is still blue for 'up', price failed its initial approach at its DMA Friday, giving more credence to those daily SMi readings. The weekly bolly's are providing room for a greater push and we are are outside the monthly's too, so maybe we just get more sidewards rather than the deeper pull back shown here. 
When the 'turns' coincide with the SMi's it usually signifies consolidation as they tend to get ignored by impulsive waves. It does look like a diagonal or triangle building off a 4th wave pull back but I am more concerned with following the price than trying to predetermine its route. Quite clearly, price broke the 'b-c' trend line Friday after falling away from the trendline dma and if it breaks the orange 8hr dma, then down to the ledge again. There is enough room in that 4hr SMi cluster to blow the ledge, so I'll not be too quick to close out 'd' leg shorts, but I don't want to be in an 'e' leg up that turns out to be something else! To get to the blue Trend Line will mean pushing through its' retracement 'cloud' so very interested to see early action on Sunday/Monday.
The short term 'trading' chart has price under the 8hr retracement cloud and sat on the dma. The blue trend line at the bottom of the screen is an obvious target and it is there that we will see what is to happen next in my opinion.
Although the Trend Line is still blue for 'up', price failed its initial approach at its DMA Friday, giving more credence to those daily SMi readings. The weekly bolly's are providing room for a greater push and we are are outside the monthly's too, so maybe we just get more sidewards rather than the deeper pull back shown here. 
When the 'turns' coincide with the SMi's it usually signifies consolidation as they tend to get ignored by impulsive waves. It does look like a diagonal or triangle building off a 4th wave pull back but I am more concerned with following the price than trying to predetermine its route. Quite clearly, price broke the 'b-c' trend line Friday after falling away from the trendline dma and if it breaks the orange 8hr dma, then down to the ledge again. There is enough room in that 4hr SMi cluster to blow the ledge, so I'll not be too quick to close out 'd' leg shorts, but I don't want to be in an 'e' leg up that turns out to be something else! To get to the blue Trend Line will mean pushing through its' retracement 'cloud' so very interested to see early action on Sunday/Monday.
The short term 'trading' chart has price under the 8hr retracement cloud and sat on the dma. The blue trend line at the bottom of the screen is an obvious target and it is there that we will see what is to happen next in my opinion.
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