This is how im currently trading this zone.
Decent short trade setups and a long setup.
If you want to scalp, longing green line has been great.
Make sure you have a tight stop-loss as always..
Average volume is slightly going down in this micro uptrend..
Overal im not longing until the green zone and im shorting the red zones.
These are the only decent setups...
The falling dragon might be in play here guys..
This pattern forms in a retracement after a big dump
Its power is tricking traders into thinking a bottom has formed while its merely a retracement.
If price gets above the head the pattern becomes invalid
Some nice stairstep climbing last week.
But we tested a 4100-4200 level and we could very well be in a distribution right now.
For the bulls, we have 2 untested levels that might be interesting levels to put some longs at.
Currently im short from 4k+ levels