Bulls formed another 4 hour higher low overnight and the bulls are heading back to the recent high.
Bulls need to break to higher highs, but if we pull back this morning we will be looking for a 4 hour equilibrium pattern.
Nice job staying in the uptrend as daily EMA resistances are in play now.
Loss of the 4 hour higher lows and we will be heading back down to the recent lows on the daily.
Exit point is loss of the 4 hour higher lows.
Break to higher highs and we look to $9,000 resistance.
This is the longest we have seen the bulls hold an uptrend on the 4 hour chart in weeks.
Bulls need to break to higher highs, but if we pull back this morning we will be looking for a 4 hour equilibrium pattern.
Nice job staying in the uptrend as daily EMA resistances are in play now.
Loss of the 4 hour higher lows and we will be heading back down to the recent lows on the daily.
Exit point is loss of the 4 hour higher lows.
Break to higher highs and we look to $9,000 resistance.
This is the longest we have seen the bulls hold an uptrend on the 4 hour chart in weeks.
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