Bulls have been shaken out, time to party. Bias upside.
Bulls have been shaken out of their positions, futures premium are decreasing in value. Is it time to long?
12HR is showing support on 21 EMA with its horizontal support. Must close a candle above and open above to confirm.
4HR is showing bullish divergence (not confirmed yet)
Once confirmed, if 4HR can close above the 50 EMA with another candle open above that previous candle, the bullish confirmation will be confirmed.
Until now, just need to wait it out and see what happens.
12HR is showing support on 21 EMA with its horizontal support. Must close a candle above and open above to confirm.
4HR is showing bullish divergence (not confirmed yet)
Once confirmed, if 4HR can close above the 50 EMA with another candle open above that previous candle, the bullish confirmation will be confirmed.
Until now, just need to wait it out and see what happens.
