18th on confirmation. In for a short technical culmination setup...

18th on confirmation.

In for a short technical culmination setup to 22-23 around major resistance with a very close stop. Rule #4 Take the setup without hesitation. Rules #1,2,3 Manage risk. Price action, price action, price action. What a great mantra.

• Old top late Oct.
• Didn't break the pull back bottom of 27th Nov.
• Double daily bottom 16th and 17th Jan.
• Back-test the minor downward trend line on the 16-17th jan.
• Low bearish volume. Lets see if we get some volume on no pump news.

Hopefully the arrow colors are ok? For the obvious conclusion that some may draw, its a technical setup - not a fundamental setup. Don't go Salem.

Its still highly speculative, so a tactical optic is required.