This is just my opinion and aimed towards those that trade by...

This is just my opinion and aimed towards those that trade by bollies.

IMO you won't see higher SP's than 1.53 until that lower bollie resets and here's why.
The day the SP broke out at .88 cents, the bollie bands expanded in a huge way. Now while that expansion is still going , the SP can always keep rising. But once that lower bollie begins heading north (circled red) it means that the bands need to reset and the SP won't rise until the reset is complete.
Now this event doesn't mean that the SP will retrace immediately, it just means that it ain't going to go higher. Only an announcement that knocks TA out of the park will change this IMO.
So there's 2 things that can happen, either the SP retraces to a 50-62% Fib level or the SP can dance sideways while the resetting takes place meaning that there's still demand there. I think holders will hope for the latter option.



Just for those playing at home. I know it's easy after the fact but the perfect entry was the blue circle but the special part is that MACD gave 2 days warning as a heads up. Keep it in mind.
But the opposite of that is to look at what MACD is doing now (yellow circle). Keep an eye on it.

We're all here to learn
Cheers.
@Mason14