What a Sunday!
As of now, we’re around 38.8, having currently been rejected just shy of several key resistances - 40.0, a local 4H .236, and the 4HR 200 EMA. So what happens next?
Well, the Stoch RSI and Fisher Transform show the 4H on overbought territory and we’re above our upper anchored VWAP. Down seems reasonable. How far?
Look recent local support levels, but also the 100EMA, the lower VWAP, and the 618. Any of those could yield a nice bounce for a scalp, or a potential reversal. We certainly could go lower still, especially with the looming and much vaunted death cross, but these are levels to watch for now.
As of now, we’re around 38.8, having currently been rejected just shy of several key resistances - 40.0, a local 4H .236, and the 4HR 200 EMA. So what happens next?
Well, the Stoch RSI and Fisher Transform show the 4H on overbought territory and we’re above our upper anchored VWAP. Down seems reasonable. How far?
Look recent local support levels, but also the 100EMA, the lower VWAP, and the 618. Any of those could yield a nice bounce for a scalp, or a potential reversal. We certainly could go lower still, especially with the looming and much vaunted death cross, but these are levels to watch for now.