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Friday, 01/25/2019 10:43:59 PM

Friday, January 25, 2019 10:43:59 PM

Post# of 114135
If you look at any intraday chart such as a 5 minute or a 15 minute chart you can see that thte price action range is getting smaller, the lows are getting higher and the price structure is ascending. These are all great signs. It shows that as the days passed the bulls defended their support and created higher support as the days passed. The bulls keept pushing any bear attack. The bears also pushes back and defended their resistance very well in two separate occasions both at around the .047 area. The take away is that the bulls support is getting higher and the bears resistance has remained vey much the same. This is basically making a bullish pennant forcing the bears out with tighter price range and higher lows. GO SHMP.
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