Price action facing weekly resistance if it can break above the 4H it could mean that bulls are accumulating and allowing it to trend sideways. Watching if it can hold above key s/r with steady volume.
Kommentar:
Not looking great, this setup was great for a day trader or scalp but anyone longing was probably burnt. It is looking like it will dip for a new low due to the large bearish candle. I'm watching if the price can recover over the next few weeks.