4240+ incoming

Price is basing and holding the 4100 level nicely and staying within this latest uptrend. We had a break of the larger uptrend (the red channel), so price typically wants to make a newer high (4240+). Price has also broken 4150 which was shown to be resistance, and is now holding. I'd like to see price continue to hold 4150. If it does, I believe we'll see a new high of 4240+ within the next two weeks.

If we can't hold 4100, 4072/4050 are next levels down.