AI
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Wednesday, April 20, 2016 6:44:55 PM
Normal behavior as it overcomes overhead resistance. The negative was yesterday's false breakout (bar A). The positive was the strength of support today, preventing a strong fallout.
Compare what's happening to what happened to the General market (chart to the right) as it stabbed through resistance (A), pulled back to consolidate (A-B) then broke above (C).
You are a dentist, think of bar A as a draining fistula, A-B the inflamed pulp chamber and C the apical Abscess :)
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