Trade Setup for this Re-Accumulation Phase

A few days back we saw the AR (Automatic Reaction) for this phase of re-accumulation, testing support at $24,165 from a BC (Buying Climax) of $33,253. Now we have progressed through the next phase including an (UT) Upward Thrust testing resistance at $34,616 and minor Sign of Weakness finding support at $27,942. It appears that eventually during this re-accumulation phase the JAC (Jumping Across the Creek) and BUEC (Back Up against the Edge of Creek) are likely to occur above major resistance $34,910. Next target would be $41,300. And we wait!

Trade closed: target reached:

The $41300 target has been achieved! Now we wait for the next major re-accumulation phase.