We have hit that 320 supply zone, so we're due for a breather...
I have identified this to be a demand zone of interest for the following reasons.
1) On the 4-hour, it follows a a rally base drop and a drop-base-rally.
2) On the daily, you can clearly see that this was an area where there had been prior supply. (Prior supply sometimes becomes future demand)
3)...
Looks like we shot right through the 210-190 Demand Zone which looks very strong on long term demand.
if we have a close below 210 our next Most Significant Demand Zone looks very promising
A rally-base-rally confirmed by a retest on top of a rally-base-rally.
Truly beautiful.