Disliked{quote} it has now tested the lows and made a newer low. now, if it would close next L day above 2195. it has that chance to bounce. that is when you get the stronger bounces. this is what happened weeks ago when it made the HH at 255x.. It never closed above 2506... that Friday the week made a higher week close 244x, month 2421. it did go higher on the week after that close. it went above 2506 after those closes. but it was unable to hold the day close above 2506.. it was bullish then, like bearish now. it should remain bearish. I was showing where...Ignored
Thank you for the break down!
Right now it looks more bearish to me too and should be remain bearish, agreed.
If the day closes above that 2195 level, we have chance to short just above 2264-2370, so I am waiting my eyes at any above 2264 now but below 2355/70
Half of the rise from 1554-2555 would be around 2055, I think I will start building long around there targeting 2555 and above for my intraweek trade.
On the bigger tf, the rise from 0339-2555 has its 1/4 at 19ish too.
So it has more chance to bounce from that range 19ish-205ish.
How do you think about that n 2055 Gator? Weekly/Monthly overall are still bullish, it could turn north anytime from above 19ish.