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Man, I was just about to close my laptop when I saw this candle.
$PROM is actually moving way faster than I expected. We just ripped through that 8.20 level like it wasn't even there and now we're knocking on 8.50.
Volume is definitely backing this push, but we’re starting to see a tiny bit of rejection at the local top. I’m watching to see if we can flip 8.40 into support on the lower timeframes.
If it holds, 9.00 is a magnet. If it fails, I'm looking for a retest back near the 8.00 psychological level to see if the buyers are still serious.
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