We had a resistant at bar 1, which later was broken upward at bar 2 with a strong volume.
Price then slowly retraced back to the horizontal line A. It managed to hold once at the low 3.
Price recently broke below low 3 in a slow low volume pattern, which may indicate a potential spring of the low 3.
Bar 4 was a wide spread up bar with close at the high, and it engulfed the prior 4 bars, indicating demand here. Volume also increased in bar 4 and on the next day.
Bar 4 was also at the uptend line B, which could provide support.
I'm looking forward for price to continue its rally up, at least till the recent major high.