The 4-hourly 12-EMA (two day average) is set to line up nicely with the upwards trending support level of this bull pennant pattern. A strong defense there would greatly increase the chances of the next upside move happening within the next few candle sticks.
If they fail, the 4-hourly 26-EMA at ~$3830 (by then) is the next area of support to put confidence back into a potential upward trend.
If they fail, the 4-hourly 26-EMA at ~$3830 (by then) is the next area of support to put confidence back into a potential upward trend.
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