I explained the details in the previous post. Today, very simply, we had a good day in our favor.
Started the week with a gap up, then a retrace to fill in the gap, and finally a reversal to the upside and a close on the high, with higher than usual volume. That's a great candle.
If you look closely you can see the light blue upper Bollinger Band starting to angle upward to accommodate a bullish breakout from a consolidation phase.
Looks like next week could likely take us to the previous high. Might see some volatility there.
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