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Those bars were trying to break out of a range. How about the possibility of absorption volume from "pushing up thru supply" (MTM)? |
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I considered that as well, but the volume made me scratch my head, they were fairly good volume bars, but I wasn't sure if they would hold. Basically, it could have poked through the top of the range and plunked back down- Overall, it may have been a very dangerous trade to take in either direction the more I discuss it!