Continuing where the video last night left off, the bulls have to change the 4 hour trend for a daily higher low to be set.
The bulls are defending support and giving us a tightening range in the daily.
EMA 12 resistance on the daily is now back in play as we tighten up, leading to an interesting end of the week!
The bulls have a chance to break the daily lower highs and get over EMA resistance.
Bulls needs to remain patient with 4 hour EMA still resistance, and those wanting to be aggressive are looking for a higher low on the 4 hour and the stop level to use would be $3,294.
Bears are waiting to pounce on a loss of 4 hour support.
The bulls are defending support and giving us a tightening range in the daily.
EMA 12 resistance on the daily is now back in play as we tighten up, leading to an interesting end of the week!
The bulls have a chance to break the daily lower highs and get over EMA resistance.
Bulls needs to remain patient with 4 hour EMA still resistance, and those wanting to be aggressive are looking for a higher low on the 4 hour and the stop level to use would be $3,294.
Bears are waiting to pounce on a loss of 4 hour support.
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