So we broke below 9800 and had some pullback - meh.
In this example, we need to stay above 9400-9500s or will retest 9071's previous low to take us below 8900s. What is interesting I find, is on the 4 hour is we had more of a bullish pattern on the last wave upside, despite bearish trend after 13800. We could be in a Bear Fractal from 2018 and finish wave #8, which could take us to the mid 7s, or we could be in a parallel channel too which I have displayed allowing short and longs to take place.
Couple of ideas, don't get REKT set your SL's correctly w/o GREED!
In this example, we need to stay above 9400-9500s or will retest 9071's previous low to take us below 8900s. What is interesting I find, is on the 4 hour is we had more of a bullish pattern on the last wave upside, despite bearish trend after 13800. We could be in a Bear Fractal from 2018 and finish wave #8, which could take us to the mid 7s, or we could be in a parallel channel too which I have displayed allowing short and longs to take place.
Couple of ideas, don't get REKT set your SL's correctly w/o GREED!