The trend is up. The bulls have been in charge for awhile.
I don't know what will happen next. No one does. If the bulls are to remain in charge, we would like to see them break out of the "battle zone" to new highs on some level 3 Buying Aggression.
If the bears are going to take charge, or if the market is going to become two-sides, we would like to see the bears break out of the "battle zone" to the down-side on some level 3 Selling Aggression.
At this point, the path of least resistance is up.
I don't know what will happen next. No one does. If the bulls are to remain in charge, we would like to see them break out of the "battle zone" to new highs on some level 3 Buying Aggression.
If the bears are going to take charge, or if the market is going to become two-sides, we would like to see the bears break out of the "battle zone" to the down-side on some level 3 Selling Aggression.
At this point, the path of least resistance is up.
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect