Bulls are still within striking distance of a weekly trend change, and the bears have not been able to get much traction.
The daily higher lows are still intact even if we break this pattern bearish.
A bull break and we are looking right back to $4,037 and $4,237.
Currently a daily inside bar and possible we remain in this tight range all day.
Any bulls entering on a break can use the low of this consolidation as a conservative tight stop level.
Bears entering on a break will use $4,037 or weekly resistance as a stop.
It is notable that the bears have not been able to break the daily uptrend for over a month.
If you take away that 1 big time dump day weeks ago the bulls would have been in full control for roughly 6 weeks.
The daily higher lows are still intact even if we break this pattern bearish.
A bull break and we are looking right back to $4,037 and $4,237.
Currently a daily inside bar and possible we remain in this tight range all day.
Any bulls entering on a break can use the low of this consolidation as a conservative tight stop level.
Bears entering on a break will use $4,037 or weekly resistance as a stop.
It is notable that the bears have not been able to break the daily uptrend for over a month.
If you take away that 1 big time dump day weeks ago the bulls would have been in full control for roughly 6 weeks.
Checkout our full trading resources online www.chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social