That's what I see, 5 min is bullish, but R2 normally would provide a solid point where price would at least retrace, when? ImE it's a 50/50, sometimes upon kiss, other times price action goes through a build up stage seen in declining histogram and consecutive failure swings.
Right now I think they would try and push higher towards 7900, I would watch 1 min histogram for potential weakness, but if volume remains thin, is it? I don't follow volume, then maybe they will carry on squeezing all the way, hell knows, just trade what you see ImHO and keep 'em stops smallish, I wouldn't personally start reducing size and increasing stops today, mind you I did just that a little while back
