I think this is a plausible explanation for what we're seeing play out in current day, compared to similar conditions of 2017. I took a deeper look at some of the trends prevalent in 2017, and found similar comparisons to what is happening in real time. Let me know your thoughts.
Note
Seeing more sideways motion around the .30 price point, confirming consolidation. Expecting a price jump as price action pushes through the dotted line of resistance.
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