Price halted 50% into the bottom gap. All that means to me is that price at one stage will still have to come back to close the remaining 50%. It's a shame it didn't fill as that would have saved us buying a return ticket at the time.
The middle blue line if there's continued movement will be the first resistance to pass. You also have 2 downtrending lines that need to be broken before any song and dance should be begun. If I get confirmation I'd take a position on expectation of the second blue line getting hit. Each subsequent position or confirmation for taking or remaining in each position depends on those levels breaking or not.
I'd like to see a brief rally to the middle blue line with a pull back to the lower yellow to fill the gap. Then a break of the top blue and upper yellow line.
Hope that makes sense.
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Price halted 50% into the bottom gap. All that means to me is...
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