technicals, page-53

Daily pivot is 1.605, anything above is bullish, and vice versa.
R1 1.66 R2 1.74 R3 1.795
S1 1.525, S2 1.47 S3 1.39
Bit of action so far between R1 and S1

The below chart shows the upper BB and an observation I posted on piercing the upper BB not lasting more than 2 days. The chart is filled in now, and If you look at the previous occurrences on Dec 12, Jan 10th, 24th, Feb 28, and March 11th, the price pierced above, the second day is also above intraday,, and the second day is red. It has not stayed above more than 2 days without running out of steam.

When price shoots up, many have the greed indicator light up, thinking $2 is not far, etc etc.... how much more is it going up. Well here is a pattern that is repeating. Keep it in mind on some of the next big upward moves, as a guidance to perhaps taking some off the table. This is not a backward looking post, as I posted this concept in advance.

A close above 1.59 rising trend line is needed, otherwise we could be looking at lower gap fill.. All the action so far has been inside Mondays candle