So as we can see, there was a nice positive consolidation between the current support and resistance
channel, with quite strong buyer volume
all day long. This has formed somewhat of a bull flag
. There is a good possibility that we will re-test resistance again, however, this is somewhat necessary to confirm the third point for a new possible upward trend line
. There was zero green shadow on the closing candle, with high green volume
. Tomorrow will probably push above resistance, but as I said, may not close above. If it closes into the 78.6% retrace, we will be inherently safe at 31.00.
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