Weekly Bias: Bullish Weekly: Failed to make a proper lower low, rejecting closing bullish, forming a potential double bottom Daily Bias: Neutral to Bearish Daily: Rejecting strongly at Weekly Support, but overall still very Bearish, looking at Structure, the strong rejection is a first sign of a reversal, which gets usually broken one more time, before the actual reversal comes. (look at GU for reference) No Buys until we break the Daily Resistance. 4Hour Bias:Bearish 4Hour: Nothing more to add here really. Reply
Weekly Bias: Bullish
Weekly: Failed to make a proper lower low, rejecting closing bullish,
forming a potential double bottom
Daily Bias: Neutral to Bearish
Daily: Rejecting strongly at Weekly Support, but overall still very Bearish,
looking at Structure, the strong rejection is a first sign of a reversal,
which gets usually broken one more time, before the actual reversal comes.
(look at GU for reference)
No Buys until we break the Daily Resistance.
4Hour Bias:Bearish
4Hour: Nothing more to add here really.