Yesterdays daily close did almost consume the supply wick of the daily bar before as we suggested. Confirmation of absorption on the way up as demand is clear and aggressive (change of character) .
Next move is to overcome the top of the horizontal trading range and back up to it as support.
We could retrace down as another LPS before overcoming this 40K level though. Signs of strength still holding.
Next move is to overcome the top of the horizontal trading range and back up to it as support.
We could retrace down as another LPS before overcoming this 40K level though. Signs of strength still holding.