AU received great news over the weekend, and gapped up. But now it is approaching what I think is resistance.
It may well break through, in which case I will wait for a retest of the zone. But hopefully resistance will hold this time, and perhaps the gap will need to get filled. The green zones are what I will be watching for signs of retrace completion.
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Ping ...
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Double Ping = Double Bottom ? maybe. I would have preferred it NOT come back here, but that second bounce was a couple higher, so might be a good sign.