Surprising lack of any real pullback overnight as we have mostly traded sideways.
If we keep these two highlighted supports, bulls keep full control today.
Lose these supports and we will zoom out to the 4 hour chart to look for the higher low and EMA 12 support.
If we see continuation today to $4,000, the odds that the bulls are going to break to a weekly higher high will increase significantly in my opinion.
If in positions, bulls need to determine if they are going to sit through 4 hour consolidation, with higher lows likely.
If looking for a position, bulls need to determine if they will buy bull breaks, or if they are going to be patient for 4 hour consolidation.
If looking for a bearish entry, bears are looking for a loss of these hourly supports to shift momentum more clearly away from bulls in the short term.
I am all cash and will not be comfortable with a bull entry, without 4 hour consolidation personally.
Significant volume would be a reason I would play a bull break, but it would only be for a quick flip day trade.
If we keep these two highlighted supports, bulls keep full control today.
Lose these supports and we will zoom out to the 4 hour chart to look for the higher low and EMA 12 support.
If we see continuation today to $4,000, the odds that the bulls are going to break to a weekly higher high will increase significantly in my opinion.
If in positions, bulls need to determine if they are going to sit through 4 hour consolidation, with higher lows likely.
If looking for a position, bulls need to determine if they will buy bull breaks, or if they are going to be patient for 4 hour consolidation.
If looking for a bearish entry, bears are looking for a loss of these hourly supports to shift momentum more clearly away from bulls in the short term.
I am all cash and will not be comfortable with a bull entry, without 4 hour consolidation personally.
Significant volume would be a reason I would play a bull break, but it would only be for a quick flip day trade.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。