Higher low formed yesterday as anticipated, now we have low volume tightening range.
Looking for a lower high potentially today to stay within the pattern.
I personally have a no trade zone now on this pattern until we get a clear break.
Bear break and the weekly lower high will very likely be set.
Bull break and we will look to the recent high in the $9,700s and $10k as the next level.
The break towards the end of the week will dictate momentum into the weekend.
Those playing both directions should establish a game plan for either scenario, then patiently wait for the break.
Looking for a lower high potentially today to stay within the pattern.
I personally have a no trade zone now on this pattern until we get a clear break.
Bear break and the weekly lower high will very likely be set.
Bull break and we will look to the recent high in the $9,700s and $10k as the next level.
The break towards the end of the week will dictate momentum into the weekend.
Those playing both directions should establish a game plan for either scenario, then patiently wait for the break.
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