We’ll take it in steps. From the chart then, and from the left. Clean break out in mid nov. { and at this point right up front , left side notice the gold/red bars coming out, there price to volume bars, notice the area, very little buying up threw it, very little selling when it fell} anyway the lower red line is the current res. point. This can easily be seen and verified by the failed break after the fall and this weeks events at the same break point.
But that’s just where we are. To your point “Assuming a resounding victory next week” the natural point we would all like to see is a break of 28. Forget 2000, this is new territory. This is a high water double hit mark. We need to break it to go anywhere, anywhere else in the 20’s doesn’t interest me. I said steps, once/if we get past 28 we can start to talk about expected points, 35, 49 momentum, buyers saturation points and volume supports vs. price supports, but now we will start at the beginning. That ‘s the lower red line and the void above and the res at.
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