Healthy consolidation since the last bull break, as the bulls look for their new base of support.
Bulls will have to break the clear 4 hour lower highs to be convinced the new support has been set.
Bulls are also holding EMA daily support and looking to maintain through a bull cross.
There has been a bull spike the last couple days just after 8 AM Eastern, but the bears two days in a row have been there to push the price back down. These spikes in bull volume keep the price momentum favoring the bulls, by not allowing the bears to get significant follow through on the pullbacks.
Currently in a long position and waiting for a clear new 4 hour higher low to form to move up a stop loss again.
Bulls will have to break the clear 4 hour lower highs to be convinced the new support has been set.
Bulls are also holding EMA daily support and looking to maintain through a bull cross.
There has been a bull spike the last couple days just after 8 AM Eastern, but the bears two days in a row have been there to push the price back down. These spikes in bull volume keep the price momentum favoring the bulls, by not allowing the bears to get significant follow through on the pullbacks.
Currently in a long position and waiting for a clear new 4 hour higher low to form to move up a stop loss again.
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