Yesterday we had a bear trap where we broke to a lower low, and instantly the bulls aggressively bought to get the bounce underway.
We rejected from EMA resistance which is recent videos I have suggested as an area bears look for re-entry when RSI cools off.
Now the bulls must form a higher low on the 4 hour to either give an equilibrium or try and see bounce continuation.
EMA resistance will remain key on any follow through attempt from here.
Potential for a daily inside bar to form today which will be on watch tomorrow if so.
Currently still in a smaller position in the green and letting things play out a little further on the 4 hour. Break even worst case at this point.
So far this bounce has limited follow through keeping the bears comfortable.
We rejected from EMA resistance which is recent videos I have suggested as an area bears look for re-entry when RSI cools off.
Now the bulls must form a higher low on the 4 hour to either give an equilibrium or try and see bounce continuation.
EMA resistance will remain key on any follow through attempt from here.
Potential for a daily inside bar to form today which will be on watch tomorrow if so.
Currently still in a smaller position in the green and letting things play out a little further on the 4 hour. Break even worst case at this point.
So far this bounce has limited follow through keeping the bears comfortable.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.