The weekly (on the left) is currently in the 2c-2d criteria. The 2c-2d setup puts us on alert to look for a 3d setup on the faster time frame, which is what we saw on the Daily chart (on the right) over the past week.
Interesting how both the weekly and daily charts show price holding a 50% retrace of their previous momentum moves. We wouldn't want to see the daily give up much more traction going forward, otherwise we could see it go back into a corrective cycle. But a break above the $1730's could generate a move back to test weekly resistance in the $1785 territory.
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