Bulls are holding 4 hour support but also have a short term double top of resistance to watch.
Clear range of support and resistance short term to be watching.
Daily consolidation at this point is very healthy and bears would need a clear leg down to gain short term control fully.
We have seen a couple pumps at 9:15 AM Eastern (less than 2 hours). Not enough to call it a pattern, but something to keep an eye out for.
Bulls taking back control of the hourly chart with a clear break of resistance would keep the potential of daily bull continuation as a possibility.
Daily chart forming inside bars to watch for a break as well.
Clear range of support and resistance short term to be watching.
Daily consolidation at this point is very healthy and bears would need a clear leg down to gain short term control fully.
We have seen a couple pumps at 9:15 AM Eastern (less than 2 hours). Not enough to call it a pattern, but something to keep an eye out for.
Bulls taking back control of the hourly chart with a clear break of resistance would keep the potential of daily bull continuation as a possibility.
Daily chart forming inside bars to watch for a break as well.
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