6th test of resistance

This is the 6th test, or more if you want to count the individual candles, of this hourly resistance. We will be seeing a breakout or breakdown soon.

Commentaire:

The hourly breakout was a nice move, until it wasnt. we failed pretty hard back below this 3.2 level. Clearly not enough bullish activity above that to sustain the move and sellers came back strong. So long as we stay above 2.8 we could continue to consolidate for a while.