for the strength of the current rally.What was the reason why it jumped yesterday? Reaching 6.08 and then coming back to test the 5.80. I'm looing for one more effort to climb into the target zone again and then if it gets tired there,I'm cautious about a selling attack (6.00-6.40 area) I hope I'm not short changing myself here, it would be great to see 7 dollars in this cycle, but what kind of news do we have happening right now? (written before I looked at today)
Ok,Today looks like they jumped it into the target zone again (first half hour zig zagging (6.00-6.24) and then plunged it down 50 cents to a lower low (5.72) now testing the middle balance step at 6 dollars (5.90-5.95-6.00)
From the 5.12 Bottom pivot to 6.24/6.22, a 1.10 rally wave. and then a 50 cent plunge already. Price hits both target blocks. and leaves me uncertain around the middle at the moment. I think today's 6.20 peak area was a traders sell target, and the strong pullback seems to agree. but will it hold the 5.70 step and rally another dollar from there. Retesting the 6.60 area is possible. Would the MMs want to keep some capping lid on it for a while? or let it climb away from the 5 dollar zone.
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