Volume usually tells the tale. Price moves on bigger volume are generally the real thing, but also need to be mindful that price can be pushed down a couple of pips if there is weakness in the buy side at the close. Days Vwap tells a better story
Move to 1.5c on the 11th was real. Move down to 1.2c on Tuesday was on half that volume so much less conclusive. Yesterdays move to 1.5c on low volume so can't draw any conclusions on that without follow through.
SPQ chart, page-2766
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