Hi Everyone! Looks like a chance for a bounce off the White Lower B-Band in the 6-hour if we end up going down that far during the current 6-hour candle. Otherwise, the White Lower B-Band may meet the price action at the Blue Diagonal Trend Line at $130 during the NEXT 6-hour candle.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
I mentioned to watch the Blue LSMA in the 2-hour time frame. It needs to get below Level 50 in order for the price action to REMAIN "below" the B-Band Basis (20-MA) in the 2-hour time frame for a SUSTAINED period of time. So, it's POSSIBLE for $135 to hold without falling to the Blue Diagonal Trend Line. We'll see...
2-hour time frame in top right corner: