The Bulls tried to break through the upper trendline of the Bear Flag, but the Bears shut the door on them once again. Now the Bulls are fighting hard to regain traction before they free fall straight back into the 1D Order Block.
The problem is simple, the Bulls are starting to look exhausted.
If the 1D Order Block cannot provide enough juice for a strong reaction, the Bulls may be forced to retreat even deeper toward the 2D Order Block below. And trust me, that is not where the Bulls want to be hanging out right now.
Meanwhile, the Bears are sitting back like jungle predators, waiting patiently for weakness to show itself. Every failed breakout gives them more confidence, and every rejection adds more pressure to the Bulls.
Now the big question becomes, can the Bulls reload for another attack, or are the Bears about to send this market tumbling deeper into the jungle?
Either way, things are getting spicy.
The problem is simple, the Bulls are starting to look exhausted.
If the 1D Order Block cannot provide enough juice for a strong reaction, the Bulls may be forced to retreat even deeper toward the 2D Order Block below. And trust me, that is not where the Bulls want to be hanging out right now.
Meanwhile, the Bears are sitting back like jungle predators, waiting patiently for weakness to show itself. Every failed breakout gives them more confidence, and every rejection adds more pressure to the Bulls.
Now the big question becomes, can the Bulls reload for another attack, or are the Bears about to send this market tumbling deeper into the jungle?
Either way, things are getting spicy.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.