The rally from late July’s low near $1.20 has gone almost as far as it can go without achieving anything of significance on the daily chart. Notice how the recent high at 1.2640 fell a tad shy of an ‘external’ peak at 1.2703 whose breach would have created a bullish impulse leg.  Even if buyers succeed this time, it will have taken three tries, implying that deep-down, they are lacking in confidence. Such a rally would nonetheless be tradable via camouflage from the long side, especially following a ‘b-c’ pullback from just above 1.2703.