Yes, it is another nasty looking upthrusty bar today. But,...

Yes, it is another nasty looking upthrusty bar today.
But, similar to that bar on the 22 Dec, it will only be confirmed as serious weakness if it responds lower with a widespread (and breaks down).
And similar to that 22 Dec bar, I expect it was another absorption bar.
The nice thing today, was that price initially made an attempt to move higher, which helps to confirm that the price action on the 31st Dec bar was positive, and not negative. It then met supply, and price was allowed to move back down with it, before it was absorbed around the 4.2/4.3cps.

Yes, a test (narrow spread downbar, closing mid to high, on low volume) would be a high chance tomorrow.
And if it does happen, it would look something like this.....




Next best chance would probably be a second attempt to rally (which might end up being a no demand bar like last time).

cheers