MID in Consolidation - Bullish Progression expected

28 thg 6

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  Hey guys,
  
  
• Yearly Chart is bullish, Quarterly forms an inside Bar at a critical stage -
  
  
• Since April I can see a Consolidation at the Yearly High of 2021 - between the marked area on the Mid Cap Index - SP400 - thus I have a neutral bias but I am a bit careful with going short from here. For a bearish szenario MID has to break below 2915 and print a bearish Chart Pattern. Everything else is a confirmation pattern for me at the moment.
  
  
• For a Bullish Progression I would like to see buyers stepping in now and giving a clean and neat entry on the lower time-frames to swing it up to the blue box - which is the most important level for me to watch at the moment…
  
  
• Ideally I will be buying on the 4h/2h Chart - but I will break it down once more to the hourly because of Risk- Reward.
  
  

Thanks for reading.