After a rejection from $82k yesterday, I expected to see a short term move to retest the prior BOS and support level on the VRVP at $79k.
We have since seen that level get retested PERFECTLY, where we are now starting to see a bounce. If $79k can continue to hold strong, then expect another retest and possible sweep of the local highs.
If $79k can’t continue to hold this weekend, then expect another retest of $76k as support to keep this larger high $70s range strong.
Keep a very close eye on all these levels over the weekend!
