There was always room in the chart, for it to pull back to where we are at 5.8.
It's the next move that's critical.
A further retrace to a close (note 'close') of 5.7 and will indicate another false start.
Bounce from here and register a close above our last little peak of 6.3 and it's game well and truly on.
Not only will it be game on, but if it just so happens that the close that it registers is 6.5 or higher, then the other peak back on the 19th March, also gets swept away.
Extremely bullish potential patterns and really won't take much to materialise.
Gottawatchclosely...
VMT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
