A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
Indications of trade opportunity
A breakdown of where we are:
The Daily: gap down price pullbacks that show closes off of the lows (likely short covering as price has yet to scare out larger positions). Coming into the 20-day MA which coincides with March 5th gap ($153.65 area). 3/10macd anticipation of 1b-1a (continuation of prevailing trend) or 2c (deeper pullback).
A slight timeframe faster, the 130min (3-bars per day) showing 2c and trading between the 20- & 50-period MA's. Price needing to recover $155.50s, potential steeper pullback to $154?
65min: 3/10macd showing potential 3-push scenario, which can mean an inverse H&S or the potential for a lower low but on lighter momentum.
30-min showing a little clearer the inverse Head & Shoulder potential. Also, the 3/10macd shows potential for the 3d criteria long setup (Using the 130min paired with the 30min you would have a 2c-2d criteria higher time frame with 3d criteria faster time frame which I treat as bullish. Still, you would need the 30-min fast line to go green for an entry).
Also worth noting price trading under the 5- & 10-DAY moving averages (purple and black lines respectively).
Basically looking at $155.50 above to be bullish. Further bearish behavior I'd be looking towards the $153.65 support while giving some credibility to potential double bottom support near today's lows.