Cubbish Pressure Building

Short bias still present. Evaluating the Elliott sequence this morning. It's clear to see we are in a Monthly 3 move up. So Bullish bigger picture.

However, we have now had a daily 5 push-up. (see previous posts).

This 5 wave completes a weekly 3 drive. In the world of Wyckoff, the UTAD creation on a distribution schematic daily.

All of this coupled with last night's COT release.

See more technical analysis & details in the related ideas below;



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Comment:

Something interesting on lower timeframe.