As suggested yesterday, the price has rallied up to the "SOS" sign of strength stage in the wyckoff accumulation and is now retracing backwards. As per my predictions yesterday, I think the "AR" resistance level as highlighted on my chart will act as the level of support before moving in to "Phase E" of the Wyckoff accumulation.
Phase E will be expected to break above the trading range and have higher lows which remain above the resistance levels and will be the start of the uptrend I'm expecting.
Phase E will be expected to break above the trading range and have higher lows which remain above the resistance levels and will be the start of the uptrend I'm expecting.
