Preluding to the chart above, COMPUSDT’s Price Action found acceptance above the Local S/R before a strong expansion. This acceptance confirmed a Local S/R Flip Retest in a volatile zone, showing strength in the immediate short-term.
The Structural S/R was immediate resistance that got breached with conviction, allowing for Price Discovery . Price Action of current is testing Key targets that are posing as resistance. A rejection of the 1.414 Extension has occurred, increasing the probability of a relapse into the Structural S/R for a flip retest confirmation.
The current is reading a clear influx as this rise in Price Action came to fruition. It is important for Price Action to have sustained follow through, failure will be indicative of weakness. The is currently maintaining its Control Zone, remaining in these regions is acute for further upside.