Today, the initial support level is adjusted to $4,322, which was yesterday's low. If the price continues to hold above this level, it reinforces the view that the consolidation phase has ended; however, confirmation of further upside requires breaking above the resistance zone of $4,373–$4,403.

• Take profit on long positions if the price fails to break past $4,373–$4,403. If it passes above, delay selling to target the next resistance level and adjust the Trailing Stop up to lock in profits.

• Open long positions when the price dips as long as it holds above $4,322; if it breaks below, delay buying until $4,300 (Stop loss on long positions if it falls below $4,234).