After seeing a 4 hour inside bar with a bear break we are now seeing healthy consolidation.
The increasing bear volume on the loss of the hourly higher lows is notable.
15 min oversold bounce attempt currently underway and without a $100+ move it will be another sign of a shift in momentum towards consolidation.
4 hour EMA support still stands, and we are seeing healthy daily consolidation with an inside bar likely.
I personally exited half of my remaining position at $8,384 as my weekly target for the trade was hit and we had not seen hourly or 4 hour consolidation in a while.
I am waiting for a new 4 hour support to form today and I will exit the remainder of my swing when it is lost.
The increasing bear volume on the loss of the hourly higher lows is notable.
15 min oversold bounce attempt currently underway and without a $100+ move it will be another sign of a shift in momentum towards consolidation.
4 hour EMA support still stands, and we are seeing healthy daily consolidation with an inside bar likely.
I personally exited half of my remaining position at $8,384 as my weekly target for the trade was hit and we had not seen hourly or 4 hour consolidation in a while.
I am waiting for a new 4 hour support to form today and I will exit the remainder of my swing when it is lost.
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