Daily close today is important. Short-term bias is down.
A lot of folks are looking at the same thing, the symmetrical triangle. What happens when everyone looks at the same thing and expecting a bull break out? It does the opposite.
I am starting to lean more bias down side to flush these bulls out of the market and then up-and-onwards we go, back up.
There's bearish divergence on the daily. Today, within those couple of hours with daily candle closure, you'll see resolution really soon. CCI always wants to re-enter the top band meaning the daily is exhausted and wants to come down a bit. This idea will only be confirmed if we can close a candle below the previous daily candle.
Bearish divergence will only be confirmed if we can close below the previous daily candle.
I am starting to lean more bias down side to flush these bulls out of the market and then up-and-onwards we go, back up.
There's bearish divergence on the daily. Today, within those couple of hours with daily candle closure, you'll see resolution really soon. CCI always wants to re-enter the top band meaning the daily is exhausted and wants to come down a bit. This idea will only be confirmed if we can close a candle below the previous daily candle.
Bearish divergence will only be confirmed if we can close below the previous daily candle.
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