After the 4 hour equilibrium bull break, we are seeing follow through and a clear hourly uptrend.
As long as these hourly higher lows hold, the bulls have full control of the bounce.
Lose the hourly higher lows and we zoom out to the 4 hour chart to look for a higher low to form.
Bulls need to get back to the $6,700s to get to the middle of the weekly equilibrium range, so we still need another 5% follow through.
Bears will keep the odds in their favor much more significantly unless the bulls can recover to this level.
Keeping an eye on shorts levels as well as the ETF decision approaching at the end of the month.
Hold onto your hats, as anticipated things are looking like they will get interesting within the next month with a spike in volatility and volume.
Until then we observe for clues as to which direction is most likely.
Newer traders are patiently waiting for longer term signals.
As long as these hourly higher lows hold, the bulls have full control of the bounce.
Lose the hourly higher lows and we zoom out to the 4 hour chart to look for a higher low to form.
Bulls need to get back to the $6,700s to get to the middle of the weekly equilibrium range, so we still need another 5% follow through.
Bears will keep the odds in their favor much more significantly unless the bulls can recover to this level.
Keeping an eye on shorts levels as well as the ETF decision approaching at the end of the month.
Hold onto your hats, as anticipated things are looking like they will get interesting within the next month with a spike in volatility and volume.
Until then we observe for clues as to which direction is most likely.
Newer traders are patiently waiting for longer term signals.
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.