With 1 Day until the weekly candle close we can observe a currrent Doji candle forming.
& This is not particularly exciting for either side.
The Daily Candle closing in 2 hours appears to be closing at our 26,749 $ Daily S/R Zone. This is good for the Bears.
The Bulls are desperate for a strong close above here.
Even if the next daily candle goes up and closes up 1% we still would have + 1.5% to go to reach the weekly high at 27,500$.
I am still favoring the Bears as price has been moving down on the Higher timeframes in the medium term and that is likely to continue.
For Bulls if we can break and hold above 26,749 $ then we may see an easy move back up to our 4hr zone 27,250
& This is not particularly exciting for either side.
The Daily Candle closing in 2 hours appears to be closing at our 26,749 $ Daily S/R Zone. This is good for the Bears.
The Bulls are desperate for a strong close above here.
Even if the next daily candle goes up and closes up 1% we still would have + 1.5% to go to reach the weekly high at 27,500$.
I am still favoring the Bears as price has been moving down on the Higher timeframes in the medium term and that is likely to continue.
For Bulls if we can break and hold above 26,749 $ then we may see an easy move back up to our 4hr zone 27,250
