Testing out some new things and Wanted to document this. I think by the end of the blue line at the bottom price should pop signifying it has hit absorption. Pull back into 7 for the final dip into liquidity and then pop again right at the vertical line after 7. This will be its move out side of this box it has created with the price action and the move for profits. by iCantw84it 05.28.22
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Nailed it!
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This should be popping again and then after it starts to consolidate it will drop and reaccumulate and pop again. Target should be slightly higher than last time at .15
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At this point you see the attempt to make a move, if it doesnt clear the last previous high as it dropped to get to where it is now, it will drop to re accumulate again. however if it does succeed to make it over the last high , it should come back down to find support on that same area then launch off that again.
@brandonolds, Sorry missed this question. Its already popped but I would say its setting up to run again to .15 or just slightly higher than the last run up. once it starts to consolidate it will drop to reaccumulate and try another run up