Daily inside bar bull break and continuation for the bulls, shifting sights to resistance $10,953. The pattern of a higher low every day for the last 8 days remains intact, but we still do not have a clear trend change on the daily with a higher low and continuation.
Get over $11k and our focus shifts to key weekly lower high resistance of $12,300. Bulls are comfortable and keeping continued pressure on shorts. 4 hour EMA 12 support continues to be a short term guide as well.
The question we have for the next couple weeks is: Are we going to head back to recent resistances, or remain in a tightening weekly chart for another month+. Keep in mind we can go another 10% from here and still not be breaking weekly lower high resistance yet. Regardless, bulls are comfortable and in the drivers seat!
Get over $11k and our focus shifts to key weekly lower high resistance of $12,300. Bulls are comfortable and keeping continued pressure on shorts. 4 hour EMA 12 support continues to be a short term guide as well.
The question we have for the next couple weeks is: Are we going to head back to recent resistances, or remain in a tightening weekly chart for another month+. Keep in mind we can go another 10% from here and still not be breaking weekly lower high resistance yet. Regardless, bulls are comfortable and in the drivers seat!
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