Looking at the 1H it seems as if last afternoon & overnight there was some significant accumulation below the 20MA & 200EMA's with a break out around 4AM and sequential retests of those averages. (Red Arrows)I think theres a strong possibility to see a third test (green arrow) of the 20MA & 200EMA before any move to break orange line (Local resistance) is made. Today may provide for some additional volatility which could bring us into a strong end of week/weekend move.
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