Thoughts on the New Day candle
Long story short. We ended above, but I preferred that we ended below near the 21,630 target (week TF bottom of channel).
We may go up. The move I mentioned was from 21,630 to 22,500. So there could be a possible chance to reenter. Ignoring everything else, the price action on the day and the start of this candle is not a good look for me.
We have the 1HR TF 375 hull average pushing down on the price and the next 1HR TF will make that 8 dollars under the current top on this 1HR candle. So there is a possibility for a short term double time and pushing us back under the pink channel (~22,500)
I think this is bearing more than bullish, but lets see what happens.
You really don't need to watch the video if you read this, but it shows my way of thinking in real time and may prove useful to you if you use the 200 SMMA and the 375,500 Double Hull averages.
Take care and Good luck.
We may go up. The move I mentioned was from 21,630 to 22,500. So there could be a possible chance to reenter. Ignoring everything else, the price action on the day and the start of this candle is not a good look for me.
We have the 1HR TF 375 hull average pushing down on the price and the next 1HR TF will make that 8 dollars under the current top on this 1HR candle. So there is a possibility for a short term double time and pushing us back under the pink channel (~22,500)
I think this is bearing more than bullish, but lets see what happens.
You really don't need to watch the video if you read this, but it shows my way of thinking in real time and may prove useful to you if you use the 200 SMMA and the 375,500 Double Hull averages.
Take care and Good luck.
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