Looks like we're most likely going to get a 4H equilibrium, which makes for an easy play on the break.
Essentially we are going to get a series of lower highs and higher lows until the tightening range breaks to the upside or downside.
The buy signal would be a break to the upside of a previous lower high. The sell signal would be a break to the downside of a previous higher low.
We are in a $3,500 range right now, so this could take a while to play out. I'll continue to mark the lower highs and higher lows as this pattern plays out.
Essentially we are going to get a series of lower highs and higher lows until the tightening range breaks to the upside or downside.
The buy signal would be a break to the upside of a previous lower high. The sell signal would be a break to the downside of a previous higher low.
We are in a $3,500 range right now, so this could take a while to play out. I'll continue to mark the lower highs and higher lows as this pattern plays out.
