VMT Chart, page-102

ok, afternoon everyone! so we opened up strong with a height of 0.46c but failed to hold it, its not bad news its rather bullish in my opinion because we are holding the Value area Low of the range @0.43c. if you look at the top chart iv zoomed in so you can see a resistance area, what you're looking at is 3 EMA bands with fib timing on them so (55 white, 100 blue, 337 red) as you can see it came up to the 55white band and sold down. if you look at the chart you can see where these bands have become support and resistance i.e drop below they became resistance above they become support.
there is one worrying factor that they the EMA band have created a death cross (where the 337 crosses above the 55,100) and that indicates a possible down trend, you can see an example of this in the middle of the graph where the price is at the POC (red line/ray) and then underneath you have the cross pattern, the price drops (red goes above the white/blue line), then a reversal where the 337 drops under the 55,100 to go higher.
now we could possibly just "micro range" for a bit so between the S1 and the 55 EMA (white line) until the market decided what it wants to do.

remember the trend is your friend until the end, so until we have a clean break below say the S1 we are is this range (purple lines)