Bullish if it respects the flag. Bearish if it breaks below red and then tests it to find resistance. The next support will be the dotted blue downtrend line. We can see on the 4H chart a decision point is coming today.
Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks.
From past Fed meetings it’s becoming apparent they love to fake down right before the minutes to create some escape velocity and then whipsaw it to the upside so watch for that.
Good luck.
Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks.
From past Fed meetings it’s becoming apparent they love to fake down right before the minutes to create some escape velocity and then whipsaw it to the upside so watch for that.
Good luck.