4 hour RSI is cooling off as we see declining volume and multiple 4 hour inside bars break bullish to start the morning.
I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag.
Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy daily consolidation if that is the case.
The number 1 thing bulls are watching is the amount of bear volume on any pullbacks.
EMA 4 hour support is catching up and should be in play more later today.
I currently have some re-load bids set if we do drop to lower lows, otherwise I am remaining patient.
Bulls would be fine with a slow sideways low volume day today.
I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag.
Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy daily consolidation if that is the case.
The number 1 thing bulls are watching is the amount of bear volume on any pullbacks.
EMA 4 hour support is catching up and should be in play more later today.
I currently have some re-load bids set if we do drop to lower lows, otherwise I am remaining patient.
Bulls would be fine with a slow sideways low volume day today.
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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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.