Local Support + Potential H&S
There are a few factors that could lead to an explosive upside move. There are a few scenarios.
1. Bounce off support, retest the support, resumption up and over resistance.
2. Bounce off support, test the resistance, break up in a H&S pattern.
3. Break the support, negate H&S, look for 12,300.
1. Bounce off support, retest the support, resumption up and over resistance.
2. Bounce off support, test the resistance, break up in a H&S pattern.
3. Break the support, negate H&S, look for 12,300.
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