Waiting for consolidation
So, Daily and 4 hour Higher Highs are established.
Now should come the consolidation.
We should see Low Low on 1 hour chart and ether test 4 hour support or even brake it too.
Around 4 hour support ($6585 - $6550) will be looking for a bull entry with the tight stop under of than support level.
My course of action would be:
after the bulls regain Higher High on 1 hour chart around above mention levels ( shows momentum switched from consolidation to bull continuation again) - will Enter bullish.
Now should come the consolidation.
We should see Low Low on 1 hour chart and ether test 4 hour support or even brake it too.
Around 4 hour support ($6585 - $6550) will be looking for a bull entry with the tight stop under of than support level.
My course of action would be:
after the bulls regain Higher High on 1 hour chart around above mention levels ( shows momentum switched from consolidation to bull continuation again) - will Enter bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.