If you have been following my ideas, you will have seen I had posted that we had the "SOS" sign of strength stage and we were entering the phase e of the pattern.
This turned out to be incorrect and as you can see on my updated chart, I have now marked this up again.
The price has come down in a bull flag following the SOS which has now shaken out and stop losses on long positions and the market makers has absorbed these position and is now aggressively pushing price up, breaking out the top of the flag.
The next step would be to break above the previous resistance level set by the SOS.
This turned out to be incorrect and as you can see on my updated chart, I have now marked this up again.
The price has come down in a bull flag following the SOS which has now shaken out and stop losses on long positions and the market makers has absorbed these position and is now aggressively pushing price up, breaking out the top of the flag.
The next step would be to break above the previous resistance level set by the SOS.
