Looking at the daily timeframe, we can see a one-time-framing higher behavior since the market broke the inside day to the upside.
Market explores to the upside; higher prices receive the unexpected response and attract even more buyers. Higher prices are accepted, breakout is successful. Go with price acceptance in the direction of breakout.
However, going further above to the weekly perspective, we can observe that the market tested the balance area high to the tick. Sure, we can argue about this particular balance area but the level was a potential point of resistance in my opinion. Especially if we are seekers of the path of least resistance in order to profit on quick short-term trades. Maybe we will break this level in the near-term future but there was not much to do until the market tested that lovely point of potential resistance.
Keep it simple but do it hard.
After the simple identification of this potential level of resistance we can use whatever short-term trade methodology to get into a possible trade.
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