Trend break + strong closes above a previous lower high, indicating a change in trend.
Will be looking for price to pull back to the 50% zone and wait for clear signs of support for a reversal back up.
One concern is that price has already had a strong close and rejection from this zone and is pulling back - indicating some weakness, possible manipulation, who knows.
Exercise caution.
Will be looking for price to pull back to the 50% zone and wait for clear signs of support for a reversal back up.
One concern is that price has already had a strong close and rejection from this zone and is pulling back - indicating some weakness, possible manipulation, who knows.
Exercise caution.
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