august pivots, page-4

Nice little narrow spread down bar, potentially indicating No Supply (no selling pressure, today).

This is a secondary indicator that is testing the supply that was present on the bar's 25 & 26 July, which were both around 13mil (primary indicator's 24,25,26 July, Potential Sign's Of Strength).

I would have liked it to dip just a little bit lower than today, still on that Low volume, still might, nothing is perfect.

This indicator is potentially a SOS and should see a positive response tomorrow, which would confirm it as successful.


First resistance looks like it's at that $1.75 mark.

cheers