Bot Chart, page-7480

Two Doji Candles in a row - the likelihood of getting a third is very low which begs the question, do we finish up or down?

US had a strong start last night and got sold down throughout the session, our futures pointing to a slightly red open too.
The area around 16.5-18 is very significant as that's where we topped out last time in feb 21' - so there was always going to be a stall around this region.

Bot needs a news event to get through this level or simple some time to create a pattern at highs. Definitely looks like its creating a springboard and volume is slowing down (while it holds recent highs - this tells us sellers are drying up). A move higher will naturally happen after some time - either when sellers run out of shares, or news pushes us higher. I think it will be the former and wouldnt mind to see a small dip - the springboard has to go down before launching you into the pool.

Ideal scenario in my head would be a small pullback to put in some more constructive candles around the 16 mark.
However, I have underestimated the recent strength of Bot once already this week. Ready to add at 15.5/15 just in case.

JD