We are looking at a conflunce of Events at area marked A: 1. EMA channel still holding Trend 2.Trendline Bounce 3. Support Turned to Resistance 4. Whole Number 5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.
The stop hunt is exactly what that bull swing was. So many people took short positions mid July and they all got stopped out. No more competition! Good chart work.