Price is rolling up the the white dashed trend line from the July 2013 low, and pushing into the daily bollys. We had a 20day low last week and now we are moving into a relative high before coming down into the 40day low towards the end of this month. Of interest of course, is the oversold status of the 40day momentum study (brown) given that we only just had a 20 day low. That is to say that the move out of the 80day low at the beginning of February, needs a decent response/reaction and it has not come as yet and the spikey 20 day reaction has used up a lot of energy. The flattening Ichimoku cloud and tightening bollys forewarn of the move down in due course, but there is plenty of time for a test of last week's high or even the 1.3892 xmas version before descending. I want to be short, but from higher up if possible.
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