4 hour RSI is cooling off as we see declining volume and multiple 4 hour inside bars break bullish to start the morning.
I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag.
Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy daily consolidation if that is the case.
The number 1 thing bulls are watching is the amount of bear volume on any pullbacks.
EMA 4 hour support is catching up and should be in play more later today.
I currently have some re-load bids set if we do drop to lower lows, otherwise I am remaining patient.
Bulls would be fine with a slow sideways low volume day today.
I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag.
Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy daily consolidation if that is the case.
The number 1 thing bulls are watching is the amount of bear volume on any pullbacks.
EMA 4 hour support is catching up and should be in play more later today.
I currently have some re-load bids set if we do drop to lower lows, otherwise I am remaining patient.
Bulls would be fine with a slow sideways low volume day today.
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