The move back to .018 more clearly defined that base as accumulation. The move back to .018 also defined the move to .015 below the support line at .016 as a Bear Trap ( A very significant one given the width in the pattern from the first time .016 was defined as support )
The move now to .02 makes for a bullish pattern with rising supports, and brings into play possible upside targets.
.20 is already a move with some impulse. But is also important resistance level. So remember always dynamic !
need to see .022 either with a continuance of this impulse. Or a move back and up from support at .018 or higher. Even with a move to .022 we still need to then see higher supports.
Atm imo there is a significant base being defined as accumulation, with already signs of breaking out. BUT do DYOR definitions are dynamic and can change with each trade.
A classic buy point was at .018. When the Bear Trap was defined.
Motorway
The move back to .018 more clearly defined that base as...
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