Reasons for action:
1) Pitchfork lines commonly act as support/resistance.
2) Above 10 114 begins a selling zone.
3) Price has yet to re-test the middle line of the down-sloping pitchfork.
4) We are still inside of a working down-sloping pitchfork and as the price rises, so does the probability of bearish mood.
Seems to me that bulls were a bit hasty first time we tested the buying zone and not everybody had a chance to get in. This can of course be viewed as a presence of strong bullish mood by those who are willing to long below 5 990.
