ATTBF testing resistance

Now that 1.48-1.57 is being tested intraday, the
close must exceed it, or else suddenly there will significant risk of at
least beginning a corrective decline.

Take note of this parameter. Understand it. 

1.48-1.57 is a relevant calculation from the pattern already developing. It is essentially a target, where some degree of buying pressure is fulfilled. Closing above it would suggest that pattern”s higher potential targets were going to be put into play. Perhaps some other less dominant patterns would also be playing out.

But testing 1.48-1.57 intraday and closing back under it would at least require any new upleg to be delayed by a corrective dip or some other consolidation or hesitation — during which time the stock becomes much more vulnerable to extending down.