Hi wotto, have done up a 2day chart which will allow for you to see the overall picture of what is atm. If we totally disregard the potential resistance that may come from taking on that area of high volume at #1. That recent high at #4 may have taken a bit of the heat (supply) from those two previous highs #2/3. as you say atm its just idling sideways on light volume and I guess it could do the obvious of either two things and that is to go higher, if it did that would obviously need the standard high bout of volume and wide spread. if it decides to break lower, I'd be looking for a soft retrace that possibly would allow a lower entry/re-entry price that would then possibly again take on this obvious resistance level.
Chart YOW, page-263
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