If the price manages to clear that blue line via a green WRB (with higher volumes) then the scope for a rise to the red line comes into play
I am watching what price would do at the resistance / target line mentioned in the above chart. A failure here would push the price to the lower red-dashed lines which are immediate support levels.
Will the price breakout above resistance or plunge through support? I don't know !
Let the price display its intent. We can follow suit later.
I have highlighted the "blue ellipse" zone in other charts too. Those zones represent an area of vacuum and price will zip through them when they are revisited.
Await further updates soon.