After a solid bounce day all yesterday, we could look at the 4 hour chart for Anti-FOMO knowing we were unlikely to break the lower highs, and would need to consolidate to a higher low before any trends changed.
Now we are seeing this consolidation, and looking for signs on the hourly that the bulls are taking back over with a higher low.
The daily chart is still in consolidation mode and we cannot be too confident our daily higher low is established until we see the 4 hour trend change.
The two entries for bulls today are higher risk/reward but entering and trying to anticipate the higher low... or waiting for a bull break on the 4 hour time frame so we have clarity that the daily higher low of support has been set.
Patience yesterday paying off for those who did not get the ideal entry as the dump lows.
Now we are seeing this consolidation, and looking for signs on the hourly that the bulls are taking back over with a higher low.
The daily chart is still in consolidation mode and we cannot be too confident our daily higher low is established until we see the 4 hour trend change.
The two entries for bulls today are higher risk/reward but entering and trying to anticipate the higher low... or waiting for a bull break on the 4 hour time frame so we have clarity that the daily higher low of support has been set.
Patience yesterday paying off for those who did not get the ideal entry as the dump lows.
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