Will the recent increase in volatility and volumes on the TF lead to a decline, as it did in September/October 2012, as shown on the 60 min (market hours only) chart, below?
It's important that price make a higher high and hold above 932.60, otherwise we may see that scenario play out. (As I've written this just before 1:00 PM EST on Wednesday, price has yet to make a higher high.)
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