Tendencies drawn by the indicators and have learnt to recognize certain patters that are better seen by indicators. Its possible a breakout could occur any time for any reason and this is a good base plus it is above the 50 MA in different compresions.
All indicators have reseted and are now red green transitioning on long compressions
As the color transitions have evolved, there is an opportunity to retest or surpass the old highs. The case for eventual lower highs could also occur that is why is good to place stop losses below the previous candle low and adjust
The chart shows levels that when bridged become support or resistance. Just look at it and see how and when it turns using these continuos turning points. I am short biased in the market despite the recent upward move