Healthy low volume consolidation overnight as the bulls attempt a 4 hour higher low and continuation.
We will need to see the trend change back to the bulls on the hourly for us to be confident in a 4 hour higher low.
Potential it could be a slow day giving us a daily inside bar.
No red flags for bulls on the bounce yet at this point but bulls still need to be cautious as the bears are still in control of the 4 hour and daily charts at this point.
Still holding 60% of my entries spread out in the $3,000s and will exit if we set a clear 4 hour higher low, and then break that support.
Bulls need another leg up in order to see EMA 12 and 26 cross bull on the 4 hour for the first time since the bear cross in the $6,000s.
We will need to see the trend change back to the bulls on the hourly for us to be confident in a 4 hour higher low.
Potential it could be a slow day giving us a daily inside bar.
No red flags for bulls on the bounce yet at this point but bulls still need to be cautious as the bears are still in control of the 4 hour and daily charts at this point.
Still holding 60% of my entries spread out in the $3,000s and will exit if we set a clear 4 hour higher low, and then break that support.
Bulls need another leg up in order to see EMA 12 and 26 cross bull on the 4 hour for the first time since the bear cross in the $6,000s.
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