The only variable to the tells on the charts Spid - is yes, BMCG….whom we have all long debated here.
Although, I have found over the years that strong momentum will always absorb any overhead supply - should it arrive and on volume.
The hypothetical equation here now is - any break of the Ascending Pennant, on volume will absorb the supply and look to head toward fib levels above. 16.5c break on strength is the key to soft territory above.
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