Initially broke out positively before dumping down from the trend channel past the key s/r. Watching if it can bounce off from 4H support with volume
Comment
⋅
At first, it did not seem like it would hold the 4H support but the demand came in rushing, and over the next few days it held support and bounced excessively well above the weekly resistance. Allowing the price action to continue within the trend channel as previously indicated. I do expect some more consolidation for a possible base.