Pulsechain update.
Price was able to stabilize on a 5 & 15min Timeframe. Price reached the 4hr resistance trend so we'll watch and see if the test can break trend and cycle or respect trend and continue the distribution.
If price breaks trend, the pullback will need to test that 15min base of range that is holding price up. If it holds, then we can expect a trend break up to the #Breaklevel that created the trend and higher timeframe bases to form. If not, we'll expect the base of range to polarize and hold price down as it continues its distribution.
If price breaks trend, the pullback will need to test that 15min base of range that is holding price up. If it holds, then we can expect a trend break up to the #Breaklevel that created the trend and higher timeframe bases to form. If not, we'll expect the base of range to polarize and hold price down as it continues its distribution.
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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.