DislikedDouble top on the hourly at the confluence of the 89% and 61.8%. TDI OB on 1hr, 15min and LTFIgnored
Hi dee
Despite the double top I am wary of betting against the days direction pre/early US open. Could we go down sure but until theres strong evidence on 1hr (i.e. not a small doji or similar) bias under normal circumstances would be more upside. Of course with the storms in New York its not normal circumstances.
Would be look for engulfing type close on 1hr first to confirm move down.