Little update for those following the daily analysis , since it was on the 4hr chart it is hard to update on the structure daily, but will follow the underlying trend for the 1hr. The shark is still in play however I have removed it from the chart to de-clutter it (See 7/3). The short-term structure is still bullish but it is near a possible LH for larger structure which would be the sweet spot for shorting. The high right above our current is our last chance for the bears to keep the structure going, if not; the bulls have fully taken over and you can move from sell the rally to buy the dip for the mid-term.
There is also hidden bearish divergence on 4hr and bearish divergence on the 4hr aswell as the 1hr.
There is also hidden bearish divergence on 4hr and bearish divergence on the 4hr aswell as the 1hr.
Comment:
Bounced bullish expectation failure, bears last stand currently.
