$MUB 24-hour high, current price 911.69, previous high 906.35.
Three common moves after a new high:
① Pull back to the previous high without breaking below it, then move up another step: strongest
② Churn around the previous high: consolidation; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; first, see whether this is scenario ① or ②.
#MUB
Three common moves after a new high:
① Pull back to the previous high without breaking below it, then move up another step: strongest
② Churn around the previous high: consolidation; watch for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; first, see whether this is scenario ① or ②.
#MUB