Typically (not always) there is a big drop at the end of the 4H cycle on the Stochastic RSI. We are now at that point.
The only difference between the last few is the MACD is oversold and rising, so there might not be as big a fall or any at all and we may remain in this sideways pattern. For now better to play it safe and place stops or wait it out in cash.
Comment
⋅
Still waiting for the down signal on the 4H chart to confirm if we are in a bullish breakout or heading to retest the previous low once more