Tightening ranges on daily inside bars are we look for a daily lower high to be set.
With a bear break it will be set and we will have a new resistance level, the top of the bounce.
With a bull break we will test daily EMA resistances and be patiently waiting for the lower high to be set.
Bulls never got the 4 hour follow through with a higher low and higher high trend change, so the bears continue to keep the upper hand.
Potential for a 2nd daily inside bar to form today, in which case a break would be imminent tomorrow.
With a bear break it will be set and we will have a new resistance level, the top of the bounce.
With a bull break we will test daily EMA resistances and be patiently waiting for the lower high to be set.
Bulls never got the 4 hour follow through with a higher low and higher high trend change, so the bears continue to keep the upper hand.
Potential for a 2nd daily inside bar to form today, in which case a break would be imminent tomorrow.
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