Weekly chart looks constructive — $OPEN has pulled back to the 10-week MA on lighter volume after a strong prior run. The weekly structure remains intact despite a ~36% pullback, and volume has been drying up, indicating normal consolidation.
A strong-volume breakout through the short-term downtrend could confirm a trend resumption and signal the next leg higher.
I’ll turn cautious if heavy selling volume appears and price breaks below $6.90 — that would invalidate the setup for now.
