Another subdued week in terms of pip range with 69% of 20 week atr covererd this week just closed, Friday being the exception with 125% of 20 day atr covered this day.
This t/f remains more bullish than bearish in respect of recent overall price action (opa,) with a 2nd fractal HH now but with last week's bearish engulfing candle follows this week's bearish candle follow thru. Overall though and going farther back in time it is stuck in a range 6167-5234 ?
This t/f sees a Master bearish engulfing thjrust...Ignored
yeah, it surprised me too when we should have a follow thru with such long bearish candle on 4h.. it should get to 5800 easily but we didn't and we stop at about the previous support and the daily asc TL.. the market doesn't make it that easy nowadays huh..
got myself a small long at 5845, i'm not sure about any tanking as long as the 2 support hold.. we might even get a morning star next week on the weekly but who knows, right?