Every drop of good news moves it further north. In the last few days we were told that the cure was found for COVID. No one dares to disagree. Hopes of 'herd immunity' are in there.
This 8H time frame pump north in what appears to be a subtle rising contracting , does not look confident to me.
The instability in the picture creates a probability for the south (not a prediction) - and there is probability for the north as well.
I'm not suggesting trading on this 8H time frame. Exploits are better on much lower time frames between 5 min to 15 min. But timing is everything. DON'T sleep! 😂
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Sometimes when sentiment becomes unhinged from everything else that is wrong, markets go wildly north in a sudden pump and continues when driven by FOMO.