When price tests 1700-1690 levels and fails to close down here it shoots itself back up as we can see then forms a consolidation flag for another bull run north.
We see the initial bullish outbreak candle and may begin to see the consolidating flags in next 4 4HR candles.
MA on 4HR can still show bearish trend but notice the 9EMA begin to curve UP signaling a potential bull run incoming.
We see the initial bullish outbreak candle and may begin to see the consolidating flags in next 4 4HR candles.
MA on 4HR can still show bearish trend but notice the 9EMA begin to curve UP signaling a potential bull run incoming.