$UAI 7 New high: 0.3116, previous high: 0.3034.
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: the healthiest scenario
② Move sideways near the previous high: consolidation while the market decides on a direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
Price is still above the previous high for now. Watch to see whether scenario ① or ② plays out.
#UAI
After a new high, there are generally three possible moves:
① Pull back to the previous high, hold above it, then move up another step: the healthiest scenario
② Move sideways near the previous high: consolidation while the market decides on a direction
③ Drop straight back below the previous high and fail to reclaim it: a false breakout
Price is still above the previous high for now. Watch to see whether scenario ① or ② plays out.
#UAI
