Hourly tightening range setup with a daily breakout off support. If we are still in a bull market, this could keep breaking out upwards instead of pulling back!
HOWEVER!!!!!
There is alot of room for a pullback on the daily chart (right). Any leverage traders will be forced to sell/liquidate on an hourly break downwards as it will be a double digit % move. Still with plenty of room to stay bullish on higher timeframe supports.
HOWEVER!!!!!
There is alot of room for a pullback on the daily chart (right). Any leverage traders will be forced to sell/liquidate on an hourly break downwards as it will be a double digit % move. Still with plenty of room to stay bullish on higher timeframe supports.