Perfect mix signal for traders.
Bear case
- ABC done
- Bear flag with a perfect retest
- Impulse wave 1 downwards
Bull case
- Cloud bounce (first time in a very long time on 4hr with a cloud support)
- 4th wave done now going for a 5th wave
Tho it looks more bearish as compared to bullish from a TA perspective.
It seems like a perfect liquidity pool to trap bears.
Let's see how this plays out. Break and close above 220 resistance line would cause me to go bullish.
Bear case
- ABC done
- Bear flag with a perfect retest
- Impulse wave 1 downwards
Bull case
- Cloud bounce (first time in a very long time on 4hr with a cloud support)
- 4th wave done now going for a 5th wave
Tho it looks more bearish as compared to bullish from a TA perspective.
It seems like a perfect liquidity pool to trap bears.
Let's see how this plays out. Break and close above 220 resistance line would cause me to go bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.