Heya All,
So here are several important things to keep in mind.
1. money flow on 4 hours is going red which implies a certain sell pressure.
2. Most of the high and low timeframe Volume oscillators are turning below ZERO, which also means that sell pressure is back and most likely we are going to see a stop hunt or a sizable dump in the next hours.
3. Ichimoku cloud on 4h, while still in green is getting thinner and thinner and it might not be able to sustain the function of support for the selling pressure that is about to hit the market.
4. 3,4,6,12 and 24 Hour stocks either crossed downside or are hinting to cross down implying the growing selling pressure.
Conclusion,
- Next move most likely (70%) is to the downside
- We are going to have a dump pretty soon which most likely will get bought up by 35-50%
- Next lower and higher targets are underlined in the chart as blue, red, green and gray support and resistance lines.
- These lines are also showing price movement channels. if one channel gets broken then the second channels assume the priority.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Cheers
Archie
So here are several important things to keep in mind.
1. money flow on 4 hours is going red which implies a certain sell pressure.
2. Most of the high and low timeframe Volume oscillators are turning below ZERO, which also means that sell pressure is back and most likely we are going to see a stop hunt or a sizable dump in the next hours.
3. Ichimoku cloud on 4h, while still in green is getting thinner and thinner and it might not be able to sustain the function of support for the selling pressure that is about to hit the market.
4. 3,4,6,12 and 24 Hour stocks either crossed downside or are hinting to cross down implying the growing selling pressure.
Conclusion,
- Next move most likely (70%) is to the downside
- We are going to have a dump pretty soon which most likely will get bought up by 35-50%
- Next lower and higher targets are underlined in the chart as blue, red, green and gray support and resistance lines.
- These lines are also showing price movement channels. if one channel gets broken then the second channels assume the priority.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Cheers
Archie
Trade active:
Price hit the target like a MoFo. Sliced through major resistance of 10308 with a bearish engulfing dildo on 4H and printed a gravestone doji. Next stop is resistance at 10285, it might hold ... let's see.
