Ok waited long enough ....For nothing...
Here is the char intra day 10 min. If you look here if the 230 breaks down then yes it looks to go lower as it has been support. I would imagine our depth guru will see orders stacked up there. If 230 breaks then look for 215 whcih the depth guru will see orders stacked up there as well.
Ideally as I say we want a nice steady rise. Volume stepping in to take on what is up for sale by profit takers etc. So to me 230 is no problem. 215 is no problem. Let the market partiicpants battle and take it back up to 250 and then bust through that. I am pretty confident that if that penant takes shape you can hit the break on 250 with all you got and you will be very happy. BUT we have to get there. Waiting is the hardest part.
Tools that you can explain. Imagine that.
And the RSI is holding up above the 40 to 50 range signifying that in the 10 min time frames the bullls are taking it on...on average.
RHT 10 minute chart