I'm back to my assesment of last night ...that 16246 is pivotal short term . Obviously, to me, the overall trend is bullish but the push through 16340 will require a serious number of sellers being taken out before sufficient volume is reached. Redsword11 used a name for these sort of conditions..hang about... shaking out. Or, better still, go see his thread he posted what cable is doing a few hours ago.
.........price now hovering on price at LO 16257
.........price now hovering on price at LO 16257
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All systems of divination, like music itself,work through patterns.