Did the consolidation stabilize
OK guy friction is still high and the heat is on
The intense battle for control here is not over yet
But at this moment things are still not fully bullish yet
But at this point its seems to be more bullish than bearish
We are moving up towards a small H&S neckline again
The 50 MA is also at that same position
The middle bollinger also at that same position
Trend line also at that same position
Creating a confluence of indicators for a sell.
THE 4h shows we are being capped by the Rsi at 50
Possible sign that we need to down to 30 on the rsi.
THE adx is still bearish on the 4h and daily
With a neutralization on the 1h time frame and a break above 50 on the rsi.
Is this enough to take control.
So far it seems so but until we break 33800 and hold the level on the 4h we cannot fully rely on that as confirmation.
So we are currently see a bullish move up.
At level 33840
There is a confluence of sell signals at the neckline that shows a valid resistance level
If this breaks we will see a buy position also.
THE ichimoku cloud shows bullish on the 4h and its inside the cloud on the 1h
Overlaying the two different time frames cloud formations shows we are in bull teratory at this point the 4h has pushed up into the 1h bearish cloud but for how long.
We did not see any candle patterns inside the 4h bullish cloud formation
So people keep your eyes open for a break above 33900 for a buy
And drop below 33200 for a sell
In between is dangerous teratory
The intense battle for control here is not over yet
But at this moment things are still not fully bullish yet
But at this point its seems to be more bullish than bearish
We are moving up towards a small H&S neckline again
The 50 MA is also at that same position
The middle bollinger also at that same position
Trend line also at that same position
Creating a confluence of indicators for a sell.
THE 4h shows we are being capped by the Rsi at 50
Possible sign that we need to down to 30 on the rsi.
THE adx is still bearish on the 4h and daily
With a neutralization on the 1h time frame and a break above 50 on the rsi.
Is this enough to take control.
So far it seems so but until we break 33800 and hold the level on the 4h we cannot fully rely on that as confirmation.
So we are currently see a bullish move up.
At level 33840
There is a confluence of sell signals at the neckline that shows a valid resistance level
If this breaks we will see a buy position also.
THE ichimoku cloud shows bullish on the 4h and its inside the cloud on the 1h
Overlaying the two different time frames cloud formations shows we are in bull teratory at this point the 4h has pushed up into the 1h bearish cloud but for how long.
We did not see any candle patterns inside the 4h bullish cloud formation
So people keep your eyes open for a break above 33900 for a buy
And drop below 33200 for a sell
In between is dangerous teratory
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.