Group has been ranging since a selling climax ( SC
) in January 2018. Recently there was a change in character after a breakout of a small trading range with a minor sign of strength. Price has marked up to the top of the trading range defined by the Automatic Rally (AR) after the SC
. However, supply is seen with some effort without response also indicated by the divergence with the Volume RSI
. So it seems the TR
could continue and we need to wait for Phase C still to develop.