Fair enough. For me support/resistance need to be closes. Because if the market rally’s in the afternoon to close out at 2.2 I’d take that as a very strong indication that’s where support is. If it closes below next hope is 2.0c.
I agree, we’re seeing a clear pattern of coiling accumulation happening here. Problem is when you combine that with broker data all signs point to impatient retailers moving on. If our SOI was lower I’d take that as a massive positive.
Fair enough. For me support/resistance need to be closes....
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