Price movement to the downside hit the long term resistance line and bounced. Weak volume possibly indicating sellers are tired. Possible ending action. Expect volume to rise significantly if we enter the top half of former trading range (marked as the higher rectangle in blue) as a sign of strength - spring action still a bit weak, look for good volume to the...
Currently in a higher rectangle - potential attempt at a higher base - bulls could be looking to exhaust sellers either through attrition or price movement one way or the other. Would not be surprised to see a break below the rectangle or at least another move down to yellow major support before a move higher. Resistance is almost futile at this point, but it is...
