RED LINE update

Chart is with 4 hour candles. So far 2 full candle bodies have closed above the red line. If the red line will act as support then it's going to go off. I'm expecting a pullback from this level but it could be very explosive in either direction.

I'm expecting the bull market to play out on a longer time frame... like the next 8-12 months. So it would be expected to have some pullback to make a much larger move later in the cycle. That being said I can't really ignore this trading level.