Today started off grim! The price was down a good bit and recovering seemed suspect. Then, in the second half of the day, it recovered back squarely into the up channel. That little early day shakeout looked like a retest of the pivot, as it got awfully close to it. That recovery on increasing volume looks pretty strong.
I ended closing with just over a 1R gain. Therefore, it’s time to move the stop up and protect a little.