Looking at the short term group of timeframes (90, 3h, 6h, 12h)
In the 90m and the 12h the Energy is higher than the Green EMA indicating bearish sentiment.
The Red RSI has made contact with the Green EMA as it falls in the 6h, if we close like this we will see the Energy cross below 50 in the next candle. However the Bollinger Bands are quite tight and contracting, the Red RSI & Blue LSMA are above 50 and rising so we would not expect a particularly significant drop in price action and we could see the Green EMA turn back up judging by what we can see in the 12h where the Green is still rising and the Blue LSMA and Red RSI have turned up and Red RSI is about to cross above 50. For now we can expect to continue trading within a relatively small range.
Near term group of timeframes (1d, 2d, 3d, 4d)
The Green EMA is higher than the Energy in all timeframes in this group indicating upward pressure. It looks like the Red RSI will close in nearly 5 hours in the daily making contact with the Green EMA as it rises and the Energy should cross above 50, however the BBs are tightly contracted and the price action is unlikely to rise considerably in this timeframe but we may see a higher high due to the Green being higher than the Energy, however with the Blue LSMA still being below 50 we are unlikely to see price action go much above the White/Aqua upper Bollinger Bands.
From what I can see at the moment we are not ready to make a move in either direction and are likely to continue trading in a tight sideways range for now.
Mid Term timeframes also showing upward pressure.
This remains in my opinion a good hold but not ready at the moment for any decisive move.
Mid Term
Short Term
In the 90m and the 12h the Energy is higher than the Green EMA indicating bearish sentiment.
The Red RSI has made contact with the Green EMA as it falls in the 6h, if we close like this we will see the Energy cross below 50 in the next candle. However the Bollinger Bands are quite tight and contracting, the Red RSI & Blue LSMA are above 50 and rising so we would not expect a particularly significant drop in price action and we could see the Green EMA turn back up judging by what we can see in the 12h where the Green is still rising and the Blue LSMA and Red RSI have turned up and Red RSI is about to cross above 50. For now we can expect to continue trading within a relatively small range.
Near term group of timeframes (1d, 2d, 3d, 4d)
The Green EMA is higher than the Energy in all timeframes in this group indicating upward pressure. It looks like the Red RSI will close in nearly 5 hours in the daily making contact with the Green EMA as it rises and the Energy should cross above 50, however the BBs are tightly contracted and the price action is unlikely to rise considerably in this timeframe but we may see a higher high due to the Green being higher than the Energy, however with the Blue LSMA still being below 50 we are unlikely to see price action go much above the White/Aqua upper Bollinger Bands.
From what I can see at the moment we are not ready to make a move in either direction and are likely to continue trading in a tight sideways range for now.
Mid Term timeframes also showing upward pressure.
This remains in my opinion a good hold but not ready at the moment for any decisive move.
Mid Term