New Re-Accumulation Phase In-Progress: Upward Thrust Complete!

8 Oca 2021

The purpose of this note is to describe the perceived re-accumulation phase occurring, which can be observed on the 4hr but is zoomed in here at the 30 minute for clarity of details. Last night we completed the Upward Thrust and cleared $41300, which was the called target of the last trade set up. Prior to that we observed the Automatic Reaction (start of this new re-accumulation phase) to the Buying Climax of 40K. We can observe either a Secondary Test (more likely) or Shakeout (less likely). I believe that we are still in the middle of this accumulation phase with a Shakeout, Secondary Test, JAC, and BUEC likely to occur over the weekend/early next week. Both the RSI and MACD at the 4hr on the daily are consistent with this reasoning.