No firm break and hold over the 9.3k makes me think it's not all upwards from here. Neutral on the 4hour, slightly on the 1hour.
Wave Trend Oscillator- Turning on 1 hour, not fully established wave on 4h.
RSI- Points down on both towards line of support.
Volume- Selling strong on the 1hour for the duration of the candle. Not too convincing for the first 1.5 hours on the 4H.
Market Bottom- No flag on the we currently have.
Momentum really squeezing on the 4hour.
We NEED to close below the 25EMA on the 1hour otherwise this short can't occur and there needs to be more selling on the 4h.
Waiting for a firm break above the 9.45k (check red horizontal ray on the 1h) before a move will happen, if the 25EMA does hold I expect good tings
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
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