$10200 REJECTION ON 4 HOUR CHART? (9600 gap inevitable)

7 thg 9, 2020

-Yurlo (PLEASE HIT THE LIKE BUTTON IF YOU APPRECIATE THE CONSTANT UPDATES AND VISUALS REGARDING PRICE ACTION) 👍

I took a scalp long after $9950 was defended HEAVILY by bulls, HOWEVER it seems to appear the 4 hour candle is getting rejected & I don't like how strong this downtrend setup is.

I closed my long, and I'm going to take a small low leverage short here. (I'd still like to see the 9600 cme gap tapped) yes of course this MAY never happen and I'm prepared for the potential bottom to be in after the s/r was flipped at the $9950 level.

I've got a feeling this will result in being a bull trap before we head to fill the (9600 CME gap)

Enjoy your labour day, and get ready for another week of high volatility & great returns!

If you have any questions regarding my perspective or the visuals I've provided just leave a comment and I'll do my best to help you!

👍

PLEASE NOTE: this can pump to $1100 USD & still be a lower high & be bearish.

7 thg 9, 2020

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Previous 4HR support candle literally holding dear life by a SINGLE thread.

I'm liking how $10,200 rejected bullish momentum.

7 thg 9, 2020

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S/R might be getting flipped here from support into resistance.

Looking for a move back down to test $9950

7 thg 9, 2020

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Just as i predicted: 10150 flipped into resistance. Bulls are trapped. Looking for a retest of $9950.

7 thg 9, 2020

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please god reject this