Congrats to the bulls on the breakout! Unfortunately there's a total lack of volume following through. The good news for the bulls is that there's no bull volume either.
The chart above is the ONE-MINUTE chart. You can see the complete lack of bull volume. We have a few minutes of high volume with no follow through. This move did make a lot of bears fearful though. I think this move was a lot of buy-stops triggering and also shorts being squeezed.
Lots of uncertainty, and this move definitely doesn't mean that the bulls are still taking over. The candle is about to close in roughly a maribuzu bar though, so that's definitely good for the bulls. Volume and followthrough will be the indicator.
Hope you all have a happy Hump Day and 4th tomorrow!