It has formed what I call a continuation pattern. Most likely, what will happen is that we get a corrective move back to the WR1 at 5381, and then the market gets back into the UP. This is a very strong UP, which would be the only thing that would leave doubt about the correction .
The other thing is the daily candle had a strong drive through the TL and cluster R area. That needs to sustain itself, at least the rest of the day, and then it is locked in that 5372 becomes ST R.
The other thing is the daily candle had a strong drive through the TL and cluster R area. That needs to sustain itself, at least the rest of the day, and then it is locked in that 5372 becomes ST R.
WR2 hit.
Now awaiting WR3
Now awaiting WR3