Good post above for those new to trading technicals. As...

Good post above for those new to trading technicals.
As discussed we got a few more low volume days within range and then a breakout on volume, where the volume bar broke the downtrend very similar to what I drew in the above post.



Ultimately, you want to watch the daily but to perfect your entries in setups like this you need to move down a timeframe or two.
Ive been using the hourly, BOT tends to respect technicals at that level quite well.

Todays breakout had a clue that I spotted yesterday, and its using the exact same concept on a lower timeframe, see below


So now we have a nice chart pattern, breakout from resistance on increasing volume on a daily chart.
If we have a nice market lead in tomorrow from the US session, I'd be surprised if we finish anywhere under 21.5c.
Id like to see 23/24c before yet again setting up a final chart pattern into FDA approval week.

Goodluck all,

Jake D