With the start of Consensus today, many are expecting bullish action during the event.
Currently we are still seeing bears strong with the flush last night.
Bulls held the low of the dump, and are trying to form a higher low to recover.
Potential for a 15 min bear flag this morning and we have to be cautious of how much faster bears make their move than the bulls.
If we drop to lower lows the bears will still have complete control and it will be the most bearish setup during Consensus in a few years.
Bulls need an hourly higher low and higher high to change the trend back in favor of the bulls trying to recover.
Loss of 15 min higher lows will increase odds that it is another bear flag.
Currently all cash and waiting for a clear setup.
Currently we are still seeing bears strong with the flush last night.
Bulls held the low of the dump, and are trying to form a higher low to recover.
Potential for a 15 min bear flag this morning and we have to be cautious of how much faster bears make their move than the bulls.
If we drop to lower lows the bears will still have complete control and it will be the most bearish setup during Consensus in a few years.
Bulls need an hourly higher low and higher high to change the trend back in favor of the bulls trying to recover.
Loss of 15 min higher lows will increase odds that it is another bear flag.
Currently all cash and waiting for a clear setup.
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