Orange is the all important algorithm that will prove whether we are tapering on the buy side and need to continue to build liquidity. We will need yellow stronger buying continuation to break us out of this orange taper.
We now know why it hasn't happened sooner - because we've had the top of green channel in our way acting as strong resistance with orange. But the more green strays further up and away from orange, the more it's important for us to break out of that taper to prove continuation.
We will be back live streaming today at market open! Hope to see you all there.