I think this is a plausible explanation for what we're seeing play out in current day, compared to similar conditions of 2017. I took a deeper look at some of the trends prevalent in 2017, and found similar comparisons to what is happening in real time. Let me know your thoughts.
Comment:
Seeing more sideways motion around the .30 price point, confirming consolidation. Expecting a price jump as price action pushes through the dotted line of resistance.
