GME Solid V: The Transition — From Sons to Guns Of LiquidityPreface
This is not a prediction.
This is a structural update.
GME is not in confirmed markup — but for the first time in a long time, the behavior is no longer purely compressive. What we are seeing now is a potential transition phase in the broader regime.
This builds directly on prior ideas I’ve referred to as the “Sons of Liquidity” and the “Guns of Liquidity.”
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Macro Context
On the 3M structure, price remains in the upper portion of Quadrant 2 .
This is historically an area of:
• supply interaction
• acceptance battles
• regime decisions
Quadrant 2 has consistently acted as a ceiling in prior cycles.
That makes current behavior here meaningful.
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From Sons to Guns
In prior posts, I described:
Sons of Liquidity → passive / defensive participants
• defending levels
• absorbing supply
• preventing breakdown
Guns of Liquidity → initiative / offensive participants
• pushing price
• creating expansion
• driving trend
For most of this structure, GME has been dominated by Sons of Liquidity — holding the line, but not advancing it.
What we are beginning to see now is:
early evidence that the Guns may be stepping in
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Phantom Pain Trendline — Structural Shift
The “Phantom Pain” trendline has acted as a long-term suppressive structure.
Recent behavior:
• Weekly close above the trendline
• Follow-through acceptance above it
• No immediate rejection back below
This marks the first sustained break in that suppression.
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Anchored VWAP Ladder
Two key anchored VWAPs define the current structure:
• August 2024 AVWAP → now acting as support
• May 2024 AVWAP → acting as resistance
Recent behavior:
• Acceptance above the August AVWAP
• Repeated tests into the May AVWAP
• Wicks into resistance, but no breakdown
This is no longer passive defense alone — this is pressure building upward.
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Fib Channel — 0.382 Acceptance
Price has now shown sustained acceptance above the 0.382 fib channel band .
Historically:
• This level rejected price
• Acceptance was not sustained
Now:
• Multiple weekly closes above
• No immediate failure
This is a change in behavior, not just a test.
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Volume Behavior
Key structural pushes are occurring on:
• Volume above the 20-period average
• Increased participation on upward moves
This suggests a shift from:
defensive absorption → early initiative demand
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Current Structure
Price is now positioned between:
• Lower support → August 2024 AVWAP
• Upper resistance → May 2024 AVWAP
• Above Phantom Pain suppression
• Holding above key fib structure
This is not pure compression anymore.
This is controlled consolidation after a structural break .
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Interpretation
This is not confirmed markup.
This is:
transition
A possible shift from:
• Sons of Liquidity (defense)
→ toward
• Guns of Liquidity (initiative)
But the transition is not complete.
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What Confirms the Shift
For this to evolve into true expansion:
• Acceptance above the May 2024 AVWAP
• Continued holds above 0.382
• Expansion into lower-volume areas above
• Higher lows forming above current structure
This would signal that initiative demand has taken control.
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What Signals Failure
If the structure breaks:
• Loss of the August 2024 AVWAP
• Breakdown below 0.382
• Return below Phantom Pain
Then the market reverts back to:
Sons of Liquidity only — defense without progression
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Takeaway
For most of this cycle, GME has been defined by defense.
Now, for the first time in a while, it is showing signs of transition toward offense .
That does not guarantee direction.
But it does change the environment.
And in changing environments:
process and patience matter more than prediction.
GG
NNDM — Channel Structure, Volume Compression, and the Next TestThis chart is intentionally simple. The only indicators shown are volume, volume profile, the 8/13/48 EMAs, and the rising price channel . I’ve also marked a Supply and Demand (SnD) zone between $2.10 and $2.27 .
The goal here is to focus on structure and participation , not indicator clutter.
Note: I linked the previous NNDM charts.
Indicator Legend
Green EMA = 48 EMA
Pink EMA = 13 EMA
Red EMA = 8 EMA
Volume Compression
Volume has been consistently below both the 20MA and 50MA of volume , which indicates participation has been declining as price has climbed.
This does not necessarily invalidate the move, but it tells us something important: the markup phase so far has been driven more by lack of selling pressure than strong buying pressure .
Low volume during a climb can work for a while, but eventually the market needs participation to sustain momentum.
Channel Structure
Despite the lower participation, price has been respecting the upward channel very cleanly .
The structure is currently producing:
Higher highs
Higher lows
Pullbacks finding support within the channel
This is constructive behavior and suggests the market is still in a recovery phase after the 2025 breakdown .
However, the strength of this move still needs confirmation.
EMA Behavior
The 8, 13, and 48 EMAs are all trending upward and are currently acting as dynamic structure levels.
Price is interacting with them in a fairly typical pattern for a controlled trend:
The 48 EMA is acting as deeper support
The 8 EMA and 13 EMA are acting as near-term resistance or compression points
This compression often precedes expansion, but the direction of that expansion will depend on how price handles the next key area.
Liquidity Vacuum
Between the current price and the $2+ range , the volume profile shows relatively thin participation .
This creates a liquidity vacuum , meaning price can move quickly through this area if momentum builds.
But once price reaches the $2.10–$2.27 zone , the situation changes.
The Supply and Demand Zone ($2.10–$2.27)
I’ve marked this region as an SnD zone .
For this move to demonstrate real strength, price must:
Enter this zone
Establish support somewhere within it
If the market can accept value inside this range, the probability increases that price will continue higher and eventually challenge the larger structural level.
Until that happens, this area should be viewed as overhead supply .
The Bigger Picture
Above this zone sits the larger test:
$2.51 — the regime change level
Until price can reclaim and establish support above $2.51 , the macro structure remains unresolved.
For now, the market is moving upward within a well-defined channel, but it still needs to prove that buyers are willing to accept higher value.
GME Solid V: The Phantom Structure — Process Over Noise
Personal Preface: Process and Patience
At some point in trading, the noise becomes overwhelming.
You realize both price and fake financial gurus ("FURUs") are trying to lead you — and if you let them, they will lead you straight into financial oblivion.
Modern markets are heavily influenced by algorithms designed to exploit emotion and reaction. Meanwhile many FURUs amplify the noise because their goal is selling courses, subscriptions, or Discord memberships.
What traders actually need is something very different:
A community and a process that emphasize patience, structure, and disciplined thinking.
When you trust your process, the noise fades.
It doesn’t disappear — but it stops influencing your decisions.
An important realization follows:
A process is not immutable. It evolves.
Markets evolve.
The algorithms interacting with those markets evolve.
Your tools and frameworks must evolve with them.
When you truly trust your process, you begin to enjoy refining it. You experiment. You test ideas. You explore tools others overlook.
Eventually you develop ways of seeing structure that bring clarity — even when others disagree with the conclusion.
And that clarity is what matters.
Process vs Patience
Process is actually the easy part.
Patience is much harder.
Especially when FURUs constantly shout predictions like:
• "GME is going to $17."
• "GME is going to $33."
Point & Figure charts helped me develop patience because they remove the constant distraction of time and focus purely on price structure and participation.
The clarity this provides can be surprising.
Markets love forming large structures — and within those structures they form smaller ones.
These nested structures can fake traders out repeatedly. Without patience, traders react to the smaller moves and lose sight of the larger framework.
Macro Structure on GME
This chart highlights how clear the structure becomes when you step back.
The upper panel shows the Point & Figure structure , which removes time and emphasizes price movement and participation.
The lower panel shows the monthly candle structure for additional context.
Several structural elements stand out.
1. Overhead Supply
The red zone represents persistent supply that has capped multiple advances since the 2021 impulse move.
Point & Figure makes this structure very clear — repeated columns failing to expand through the same region.
2. Demand Structure
The green zone highlights an area where responsive buyers have repeatedly defended price.
Each test of this region has produced a reaction higher.
This behavior suggests demand absorption, but not yet decisive markup.
3. Structural Compression
The descending trendline shows how supply continues pressing downward toward demand.
At some point these forces intersect.
Markets do not remain in compression forever.
4. Structure Within Structure
Inside the larger macro structure, GME continues forming smaller structures that repeatedly:
• test demand
• test supply
• produce false breakouts
Without understanding the larger framework, traders can easily get chopped up reacting to these smaller moves.
Takeaway
The macro structure here is actually quite clear.
GME is trading inside a large compression regime defined by:
• persistent overhead supply
• responsive demand support
• progressively tightening structure
Environments like this tend to produce noise, fakeouts, and emotional trading decisions.
But when viewed through the lens of process and patience, the structure becomes much easier to understand.
And that clarity is the real advantage.
GME Solid: Sons of Liquidity — Weekly Structure
Note:
This is part of a series this chart references prior charts so you might want to read them to better absorb the information presented
Note on Current Noise Around GME:
There has been a noticeable increase in social media noise around GME lately — particularly bold directional claims made without structural context. This post is not an attempt to predict where GME is headed. The goal is to frame the current structure so traders can identify higher-quality entries, exits, and risk management points.
Blanket calls that GME is “going to $17” or “going to $33” — without clearly mapping the intervening levels and conditions — oversimplify a very technical tape. While those outcomes are always possible in a volatile name like GME, they ignore the reality that price typically interacts with multiple decision zones along the way.
Based on the current structure, levels such as 20.41, 25.48, 28.13, and 31.83 represent meaningful areas where order flow and participation can shift. Price may accelerate through them — or pivot sharply at any of them.
As much as I would like the price to go to 17 for cheap accumulation, we value process and patience over prediction, emotions and calling out the low.
Having said that let's proceed.
Preface
This is a weekly structural read, building on the prior macro and monthly work. The focus here is price behavior around key inflection zones and what current participation suggests about regime conditions.
This is not predictive and not financial advice — the goal is to document structure, not forecast outcomes.
Weekly Context
On the weekly timeframe, GME continues to trade within the broader corrective structure outlined in prior posts.
Price has largely rotated between:
the 0.382 retracement (~20.41) of the 2024 impulse
and the golden pocket resistance region
More recently, price has also spent time below the 0.5 retracement, reinforcing the idea that upside momentum remains contested.
The “Sons of Liquidity” — Demand Defense
One of the more notable behaviors on the weekly is the repeated responsive defense near 20.41 (0.382) and the associated demand zone.
These responsive buyers — what I’m referring to as the “Sons of Liquidity” — have consistently appeared as price approaches lower channel structure.
Key observations:
Demand tests tend to show higher relative volume
Downside probes are often contained and reclaimed
Price repeatedly rotates back toward equilibrium after tests lower
This behavior suggests active demand participation at lower levels.
Supply Behavior (The Phantom Pain Still Exists)
At the same time, overhead supply — the previously identified Phantom Pain structure — continues to cap advances.
However, relative to demand behavior:
Supply rejections have generally occurred on lighter volume
Upside failures have lacked strong expansion
Price has continued to compress rather than trend cleanly lower
Taken together, the current tape suggests that demand defense has recently been more active than supply pressure, though neither side has achieved decisive control.
Regime Read — Declining Energy Absorption
The most consistent interpretation of the current structure is declining energy absorption within a controlled range.
Evidence supporting this view:
Repeated demand defense without sustained markup
Overhead supply still respected
Weekly volume flattening (and declining on shorter averages)
CVD behavior remaining compressed rather than trending
Price continuing to rotate between key retracement bands
This profile aligns more closely with late-stage compression than with clean distribution or confirmed re-accumulation.
Momentum Context (RSI)
Momentum has improved modestly on the weekly.
RSI has:
previously shown bullish divergence
reclaimed the EMA
moved back above the 50 midpoint
and has so far held that region on pullbacks
This represents momentum repair, but not yet full bullish regime expansion.
For a stronger momentum confirmation, RSI would need to:
hold above 50 consistently
and begin pushing into higher bull-range territory
Bottom-Line Read:
Current weekly structure continues to reflect:
active responsive demand near lower structure
persistent but not dominant overhead supply
and gradually declining participation within the range
Until one side achieves clear acceptance beyond the current boundaries, the tape continues to favor rotation and compression over directional expansion, and trade efficiency remains limited in the middle of the structure.
GME Solid: The Phantom Pain: Overhead Supply & Monthly StructurePre-requisite Reading:
Preface:
I have many drawings on GME (AVWAPs, fibs, channels, SnD zones, trendlines, etc.). What I’m choosing to show here is intentional: a single framework that best illustrates the macro regime behavior I see.
This is not a predictive chart and not financial advice. I’m not here to tell anyone what GME will do next — I’m documenting regimes, acceptance, and recurring behavior.
Structure
This channel framework is built from fib channel bands, with lines color-coded to match my fib legend.
The correlations between these channel rails/centerlines and the fib bands were not planned. They are not perfect, but they are consistently close enough to be useful as a structural reference.
Band / Quadrant Map
0.114 (Blue): centerline of Quadrant 1
0.236 (Red): upper boundary of Quadrant 2 / below this begins Quadrant 2
0.382 (Light Green): approx. centerline of Quadrant 2
0.500 (Medium Green): lower boundary of Quadrant 2 (below this begins Quadrant 3)
0.618 (Yellow): approx. centerline of Quadrant 3
(Quadrants are simply the two sub-channels divided by their centerlines.)
Behavioral Repeat
The two thick white “Phantom Pain” trendlines highlight a recurring pattern: after GME rejects Quadrant 1, price continues to make descending acceptance tests in Quadrant 2 — as if overhead supply is “felt” repeatedly over time.
This is visible post-2021 and again post-2024, with similar slopes (~-25° vs ~-22°).
Momentum Confirmation
The 2024 impulse was materially weaker than 2021. Monthly RSI hit ~96 in 2021, while 2024 barely reclaimed the midpoint.
Post-2024 strength also produced RSI/price divergence, followed by continued weakening.
RSI is currently below its EMA, and volume continues to decline.
Current Context
Price is drifting toward the 0.382 band, which has historically been a key acceptance boundary in this framework.
Tradability/Risk-Reward:
I’m not predicting a breakdown — GME can change regimes abruptly — but based on this macro structure, the risk/reward here is not attractive in either direction.
This is not just a poor long location: it’s also a poor short location and a poor volatility-harvesting location. At these levels, price is positioned where extended chop or a sharp displacement in either direction is possible, and the structure does not provide clean entry/exit efficiency.
As an example: if you sold covered calls in the ~$25 area, this is the type of location where I’d be looking to buy-to-close and lock gains. Likewise, if you bought ATM puts in that same area, this is the type of location where I’d be taking profits, not pressing for continuation.
Personal Regime Triggers
Bullish trigger: I need monthly acceptance above 0.382 plus RSI reclaiming its EMA and holding above 50, and a break/acceptance above the descending supply trendline on a timeframe higher than daily. For this current month, I’ll allow a deep wick lower as long as the body closes above 0.382.
Bearish trigger: A monthly body close below 0.382 is enough for bearish confirmation — especially if there’s no constructive demand response from the 0.5 / 0.618 bands afterward(Wicks).
GME Solid: Ground Zero(The 3M Regime Structure)Preface: This is not a predictive chart. It is a zoomed-out macro reference of GME price action on the 3-month timeframe, meant to provide context for a larger thesis and follow-up charts on lower timeframes.
Authorship note: The framework and ideas are my own — ChatGPT helped me organize and communicate the concepts in more broadly understood terms.
Purpose of this chart: This chart is meant to show regime shifts in GME price behavior around major volatility impulse moves, not to call the next move.
Large macro channel (gray): The large corrective channel is the gray region (no boundary outlines). It is primarily defined by the volatility impulse tops in 2021 and 2024.
Macro midline (yellow): The large channel contains a yellow midline, which is partially obscured by the smaller channels. I view this midline as a macro regime pivot.
Smaller sub-channels (blue outlines): The two smaller channels split the large channel in half at the macro midline. These channels are outlined in blue and each has its own yellow centerline.
Lower sub-channel: The lower sub-channel highlights the corrective price action from the 2021 impulse up to the 2024 impulse.
Upper sub-channel: The upper sub-channel highlights the corrective price action since the 2024 impulse.
Importance of centerlines: On this timeframe, the centerlines matter as much as the channel rails. How price interacts with them is one of the most important signals in this framework.
Wicks vs bodies: On a 3-month chart, wicks into a line are meaningful rejection, while sustained candle bodies above/below a line represent acceptance.
Macro quadrants: The centerlines of the smaller channels also divide the structure into macro quadrants, which can help interpret where price is being accepted versus where it is only being probed.I label the structure into four macro quadrants, ordered from top to bottom:
Quadrant 1: upper sub-channel above its centerline
Quadrant 2: upper sub-channel below its centerline
Quadrant 3: lower sub-channel above its centerline
Quadrant 4: lower sub-channel below its centerline
Takeaways from this chart
Quadrant 1 is the “big boss of supply.” On this timeframe, price repeatedly wicks into Quadrant 1 but fails to gain acceptance with candle bodies, including after both major volatility impulse moves.
Post-2021 (the sneeze): Price spent multiple quarters oscillating between Quadrant 2 and Quadrant 3, showing prolonged indecision over where price should be accepted.
Spring 2022 regime shift: By Spring/Summer 2022, the market resolved that indecision — Quadrant 2 began behaving as supply, while Quadrants 3 and 4 became the primary arena where acceptance was fought over.
Winter 2024: Price achieved acceptance deeper into the structure, including acceptance in Quadrant 4, followed by a test of the channel boundary.
Spring 2024 volatility event: The volatility impulse launched price into the upper sub-channel, resulting in a test of upper structure (including the upper boundary).
Fall 2024: After a period of post-impulse indecision, price shifted into clearer acceptance of Quadrant 2, which remains a key macro regime marker in this framework.
NNDM — 6-Month Macro Chart Preface:
This chart should not be viewed in a vacuum.
I’ve linked my prior, more detailed NNDM macro thesis above — go read that first. This post is intentionally minimal and is meant to highlight the highest-timeframe structure.
What’s On This Chart
This chart has only two things:
A long-term descending channel
A single horizontal line at $2.51
What you should Observer:
Price is clearly rejecting the $1.31 area, which becomes obvious when you flip to the 3-month view: NNDM printed two hammer candles in a row at that level.
The visual alone should illustrate the importance of three steps, in this order:
Reclaim the channel midline and establish it as support:
This is the first structural test of whether the current move has real strength or is just another rotation.
Break out of the descending channel and establish it as support:
Until price exits and accepts above this structure, NNDM remains inside a multi-year bearish regime.
Break above $2.51 and establish it as support:
$2.51 is the macro regime line. Reclaiming it would represent acceptance above the entire downtrend envelope and would be the strongest evidence that the long-term structure is shifting.
If these three things do not happen in order on the weekly over the coming months, then the most likely outcome is that NNDM remains structurally bearish — and the stock is probably cooked long-term.
NNDM Macro Thesis (Monthly Structure)Preface:
I’m publishing my NNDM thesis as a series. This first part is strictly a high-level monthly view focused on macro structure: the post–Kathy Wood pump, the 2021 dump, and the years-long “accumulation” phase that followed.
This chart is intentionally clean. On this timeframe, structure and value acceptance matter more than stacking indicators.
What’s On the Chart
1) Supply & Demand (SnD) Zones
Two major resistance zones from prior structure:
$2.96 – $3.94
$3.60 – $4.14
These zones define whether NNDM is reclaiming prior value or simply rotating inside a lower range.
2) Trading Channels
Two channels are shown:
The channel from the 2022 Sell Climax (SC) through the March 2025 gap-down
The lower channel formed after the March 2025 gap-down
These represent two distinct regimes:
the multi-year coil / range
the post-gap lower value area
SideNote:
On the monthly, the 0.114 Fibonacci retracement drawn from the last major high to the all-time low aligns with the centerline of the multi-year trading channel NNDM respected from Spring 2022 through Winter 2025.
That level sits at approximately $2.51. This level is more than just a fib level, it's also a fair value point.
3) Rounded Bottom Arc
I include an arc to illustrate the rounded base / bowl structure that developed as price shifted from macro distribution into macro accumulation behavior.
This arc begins with touches in spring/summer 2022 and continues forward, with newer touches aligning with the higher lows formed after the March 2025 regime break.
4) Anchored VWAP Corridors (Supply/Demand AVWAP Pairs)
I use two AVWAP corridor sets, each defining a supply/demand value band for its respective regime.
AVWAP Set #1 (2022 Range Birth)
Demand AVWAP: 2022 SC low
Supply AVWAP: 2022 AR high
This defines the value corridor of the 2022–2025 range.
AVWAP Set #2 (Regime Break)
Supply AVWAP: Swing high before the March 2025 gap-down
Demand AVWAP: Swing low after the gap-down
This defines the post-gap value corridor and highlights where price is currently attempting to reclaim.
AVWAP Color Coding (Chart Legend)
To keep the chart readable, I use consistent AVWAP color coding:
Light Blue = Demand AVWAP
Medium Brown = Supply AVWAP
This applies to both AVWAP corridor sets.
Why I’m Keeping the Chart Clean
I’m restricting drawings to channels, SnD zones, the arc, and AVWAP corridors because on this timeframe those are the only things that matter.
If price cannot:
hold the lower channel as support,
reclaim the prior channel,
and demonstrate acceptance above these AVWAP corridors,
…then additional indicators are irrelevant.
What Price Needs to Prove
1) Channel Acceptance
Price needs to demonstrate that:
the lower channel is support, and
it can move into the outer, inner, and midpoint areas of the former trading range channel.
If price fails to reclaim and accept the higher channel, the long-term structure remains bearish.
2) AVWAP Acceptance
Price must prove it can turn the supply/demand AVWAP corridors into support and resistance properly.
NNDM has historically rotated cleanly around value bands before repricing, so these corridors matter.
RSI Context (Macro Reality Check)
Even with:
Improving price action
Monthly RSI is rising
RSI remains in the bear zone
Historically, NNDM has not sustained a breakout of a bearish RSI regime outside of the January 2021 peak which was just a blip.
So despite recent strength, the macro momentum regime has not yet flipped.
Thesis: The Lower Channel is a Failed Spring
Part of my thesis is that the lower post-gap trading range was formed off a failed spring.
Wyckoff requires cause for markup. In my view, the spring event did not generate enough cause to sustain a meaningful markup phase, which is why the stock repriced lower and built a new range instead of launching.
Current Market State (2/10/2026)
Right now, NNDM is actively fighting to reclaim its former trading range.
Bullish evidence
Price is finding support on:
the upper inner/outer boundaries of the lower channel
the shorter-timeframe supply/demand AVWAP corridor
Bearish / resistance evidence
Price is encountering resistance at:
the inner and outer boundaries of the former range (lower section)
the longer-timeframe supply AVWAP corridor
There is still time left in the month, and current candles show bullish wicks, but I’m not treating this as confirmation yet.
Bullish Confirmation first step:
Until I see:
a weekly candle close inside the former upper trading range
followed by
another weekly candle that opens and closes inside that range,
…I remain neutral on whether a true bullish regime flip is potentially occurring.
There is no downside After New Mexico purchase and current PM market movement, there is no downside here. Possibly some pressure from paper being unloaded onto the market but I have to assume that the share price + gold momentum will move the cheap stuff quickly and the impact will be minimal. The greater question is....who is going to buy it. BTO said no thanks less than a year ago. Since then they hit the mainline in Galaxy and have added the depth of a silver mine. Do they continue to go it alone? Do they partner up with a major? Will they become that medium player that bring 4-5baggers? Time will tell....for now I have all confidence that they are positioned well to take advantage of todays market
GG....waiting for some guidance from goldIn a series of ascending wedges...green line represents the long average. I think we hit the end of the current triangle and with no gold news, continue in this .225 - .27 range. If gold gains some traction, along with the recent deal with backing from Palisades (that the market seems to have mixed feelings about), we could see GG pushing back into the .32 range.
Working towards the recent highs will still take some work. I think the market went crazy for a minute with a bunch of sky is falling short term investors. This is the cooling period, shake out the stupid money that thought they were going to be millionaires based on a reddit post and then get back to realistic long growth.
GG quick bull retest at resistance zoneAfter that dump, then dead cat bounce (price retraced back to the 50%) the new resistance level has been created. The price will most likely steadily go up trend until it meets that resistance.
2 possibilities:
- If it manages to break through the zone of confluence then expect an attempt for the support to be built at that price range
- If it gets rejected at the zone, then simple retracement back to the lower trend line
G






















