Yesterday, the price pulled back below the initial support area of $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 consolidation phase is over; however, confirmation of a continued uptrend requires breaking above $4,373–$4,403.

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

• 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).