Note below the yellow lines down are all hard and fast while the orange lines up are weak and slow hints at seller strength and buyer weakness.
Also see that the buyers were not able to push price higher through the light blue level lines adds weight to the buyer weakness argument.
Overall the chart pattern looks more likely to be rolling over for a retrace or at least a period of consolidation rather than showing the ability of buyers to make new highs.
I would prefer to see the traditional zig zag pattern of higher highs and higher lows before jumping in, but then that's just me, each to their own.
Hope you don't mind me jumping in off xard topic.
