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The bears showed no follow through to drop down after the tall bearish candle formed, so the bulls showed up as a Bullish Spinning Top, a bottom reversal candle with reliable, great follow through to the upside.
As the bulls rise, they can head towards the Bearish Trendline (in green dotted line) for a retest to either get close or touch it, then the bears can resume their drop after that.
*Take Profit to the Upside:
46,923 - Current Mean Reversion Price
46,967 - Current Mean Reversion Price on the 8-Hour Timeframe


The pressure is bearish, guys
it can fall.

If you look at the Hourly chart below, you can see that the candles have been widely consolidating within a 3-tiered S&R Zone (shown in purple) and a channel created by the Swing High of 46,221 and Swing Low of 46,903. Still no breakout from all this.
If the bulls don't do a candle close past the Swing High of 46,221, then back down it goes for more consolidating.
Overall, no true direction, but the Hourly is still in Bullish Market Bias from the candles moving to the right of the Bullish Trendline (in green dotted line).


Watching my short on this one like a hawk