Simple explanation of what's going on. What does that look like to you? Topping action? a double top? Or maybe it is what it looks like... AN . The simplest explanation is usually the right one. Maybe also it's that because of the strong weekly MACD!!!
What if it isn't? Doesn't matter. We already made out huge with the run up to 7.5k. Re-entered in at 7.2k. We have our stops in place.
Don't let the shill posts get you! I saw someone literally draw channels out of nothing and downward pressure and they have 50k in followers, WTF.
but don't be surprised if we get a quick move down before going higher.
That being said... a quick pullback before a larger move up is not out of the question and would fall very much in line with whats going on.