The price pulled back below the initial support level at $4,322 before buying pressure pushed it back up. If the price starts forming a Higher Low above $4,291, it will reinforce the view that the pullback phase has ended; however, confirmation of a continued uptrend requires breaking above $4,373–$4,403.

• Take profit on long positions if the price fails to break past $4,336–$4,373; if it passes above $4,373, delay selling to target higher resistance levels.

• Open long positions on dips as long as the price stays above $4,291 (Stop loss on long positions if it falls below $4,234).