The 1hr candle close above $2.85 will qualify as a breach of the resistance. Next is to wait for a 4hr candle to close above, then the daily candle to close above. If that happens then we’ll hold above $2.85.
Alternative is the 1hr candle closes above and then the 4hr wicks out after touching $3.00 then closes below $2.85. In which case we’ll have a longer battle on our hands.
$3 Party, page-2873
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