My apologies for no daily analysis for 7/2, am still under the weather. The harmonic I mentioned before that would probably play out if we break above our NSH has played out. However, the PRZ for the Orange shark was based off of the candle bodies, the fibs placed from the wicks have not been breached so it is not invalidated just yet and we are near a LH resistance; the TP's have been adjusted accordingly. If bulls can close above our next LH the bulls are back for the medium-term (couple of weeks most likely) - but expect a HL after a NSH is made if so.
Will update with the 15m interval as we go and plot the NSL's and LH's or NSH's and HL's
If going short, would look for exit around LH if closes above, with a physical stop above the LH above the closest LH incase the momentum is very strong and we get a huge green candle.
If we retrace here there is also hidden bearish divergence present on the 4hr.
Will update with the 15m interval as we go and plot the NSL's and LH's or NSH's and HL's
If going short, would look for exit around LH if closes above, with a physical stop above the LH above the closest LH incase the momentum is very strong and we get a huge green candle.
If we retrace here there is also hidden bearish divergence present on the 4hr.
