4hr closes above T-line & 50MA; good sign but still in limbo.

A great outcome seeing the 4hr candle close not just above the 50MA(averting going back into the sellers market for now), but also climbing up and closing above the 4hr T-Line. For now I remain neutral but I would say one more confirmation candle on the 4hr chart closing above the tline would make me officially switch back over to long. A close above the t line and the 100MA on the 4hr would make me even more confident in switching from neutral to long. Best of luck to you in whatever you decide to do **not financial advice**

تعليق:

the recent golden cross on the 1hr of the 50ma and 100ma makes the neutral flip lean more towards the long side than the short...but not enough to change the position from neutral yet...not seeing much bull volume just yet.

تعليق:

we once again dipped under the t line and are retesting the 50sma it is sloping upward so hopefully that strengthens its support capacity...at this point I wouldn't short until you see 4 consecutive closes under the 50MA or 2 closes under the pink trendline.

تعليق:

we will hopefully see the 50MA have enough support to bounce us back up for a 2nd close above the tline...will check back in later.