It has been a bullish week for the Bulls so far, and they are now looking to close the week with a strong body close above the previous week’s candle.
If they can pull that off, it would be a clear sign that the Bulls still have momentum and could be setting up for another bullish week ahead.
With two days and some change left on the clock, the Bulls definitely have a chance to make that close happen.
But the Bears are still lurking in the Jungle.
If the Bears decide to step in and smack price down through the weekend, the Bulls could end up Swing Failing the previous week’s candle.
And if that happens, it would be a big momentum killer for the Bulls.
A Swing Failure there would tell us the Bears are still in control, and it would open the door for them to try and take over the market next week.
So as we head into the weekend, this weekly candle is going to matter a lot more than it might look at first glance.
The Bulls are trying to show strength.
The Bears are trying to prove they still run the Jungle.
And the closing bell is getting closer.
If they can pull that off, it would be a clear sign that the Bulls still have momentum and could be setting up for another bullish week ahead.
With two days and some change left on the clock, the Bulls definitely have a chance to make that close happen.
But the Bears are still lurking in the Jungle.
If the Bears decide to step in and smack price down through the weekend, the Bulls could end up Swing Failing the previous week’s candle.
And if that happens, it would be a big momentum killer for the Bulls.
A Swing Failure there would tell us the Bears are still in control, and it would open the door for them to try and take over the market next week.
So as we head into the weekend, this weekly candle is going to matter a lot more than it might look at first glance.
The Bulls are trying to show strength.
The Bears are trying to prove they still run the Jungle.
And the closing bell is getting closer.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
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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
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.
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
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.