Weekend Aftermarket Lounge 20th -23rd March, page-260

TON (again):

Some Pitchfork analysis. Here is a Modified-Schiff Pitchfork. We can see the validity of the PF with the respect of the median and 2 parallels (green arrows). We look for price to reach the median, which studies show it does 80% of the time, where it often consolidates before moving on or failing at this resistance line.

On Friday, not only did it reach the median, but it powered through.  Then we look to the parallels to provide resistance. A 23.5c close (where TON was at 4pm) would have been at resistance. What happened between 4pm and 4:10pm was a breakout. 23.5c (gap) may get filled, thereby back testing this breakout, and then if successful, price should move up. We shall see...