HNY folks.
The red candle on 20/12 is quite instructive. Wicked down hard below $1.60 to $1.575 on the daily low.
No supply here and closed well above it at $1.615.
Subsequent to that we have a higher low on the 28th closing at $1.65 supported since by 2 modest green days.
We are in the lower half of the Bollies on the 12 month daily and just above the base on the 5 day 5 minute. Room to the upside in both.
After multiple attempts to hold above $1.80, we are preparing for another crack.
As Bullwinckle always said, “This time for sure.”
(20min delay)