Impass - waiting for the direction -
- bearish view:
1 supply has been touched - suggesting that the move is to the downside.
2 Bearish head and shoulders - 4hour clearly emerging -
3 Pullback in order to carry on bull trend.
Bullish -
Trend is up - trend line for the 4 hour is looking to pullback to bounce off and head up to the next zone?
pullback to demand zone
Only time will tell tomorrow as we trade
Let us see and wait patiently for the formation to playout.
- bearish view:
1 supply has been touched - suggesting that the move is to the downside.
2 Bearish head and shoulders - 4hour clearly emerging -
3 Pullback in order to carry on bull trend.
Bullish -
Trend is up - trend line for the 4 hour is looking to pullback to bounce off and head up to the next zone?
pullback to demand zone
Only time will tell tomorrow as we trade
Let us see and wait patiently for the formation to playout.