BIGGER PICTURE RULES ALL
ON THE WEEKLY AND DAILY WE HAVE SEEN A HIGHER HIGH WITH TWO HIGHER LOWS!
IF PRICE BREAKS THE DAILY CTL WE COULD POSSIBLY GO UP TO THE MONTHLY RES AND IF THAT LEVEL BREAKS FURTHER ABOVE
HOWEVER ON THE H4 WE HAVE DEVELOPED LOWER HIGHS AND LOWER LOWS (HIT THE 78.6 FIB AND BOUNCED OF IT, DID NOT CLOSE BELOW IT) WHICH COULD ULTIMATELY BE A PULLBACK BUT ALWAYS HAVE TO BE WEARY OF PRICE ACTION SO I WILL BE SHORT THIS PAIR IF PRICE ACTION SHOWS ME A NEW LOWER HIGH.
I WILL REMAIN NEUTRAL UNTIL PRICE ACTION SHOWS ME MORE
ON THE WEEKLY AND DAILY WE HAVE SEEN A HIGHER HIGH WITH TWO HIGHER LOWS!
IF PRICE BREAKS THE DAILY CTL WE COULD POSSIBLY GO UP TO THE MONTHLY RES AND IF THAT LEVEL BREAKS FURTHER ABOVE
HOWEVER ON THE H4 WE HAVE DEVELOPED LOWER HIGHS AND LOWER LOWS (HIT THE 78.6 FIB AND BOUNCED OF IT, DID NOT CLOSE BELOW IT) WHICH COULD ULTIMATELY BE A PULLBACK BUT ALWAYS HAVE TO BE WEARY OF PRICE ACTION SO I WILL BE SHORT THIS PAIR IF PRICE ACTION SHOWS ME A NEW LOWER HIGH.
I WILL REMAIN NEUTRAL UNTIL PRICE ACTION SHOWS ME MORE