There's a clearly a fight between the bulls and the bears today.
On the bulls side, we just bounced off the 786 retracement level of yesterday's wave up which means that could be the starting point of a wave 3 upwards. We also have an ascending triangle pattern.
On the bears side, there's a lot of negative volume and selling pressure to push the price below the 786 retracement level of the impulse wave starting from $6500. The last stand would be $6800 before the impulse up is totally invalidated.
On the bulls side, we just bounced off the 786 retracement level of yesterday's wave up which means that could be the starting point of a wave 3 upwards. We also have an ascending triangle pattern.
On the bears side, there's a lot of negative volume and selling pressure to push the price below the 786 retracement level of the impulse wave starting from $6500. The last stand would be $6800 before the impulse up is totally invalidated.