On the 1 hour things are a tad different.
We see the bulls were unable to find support to take it long but the bears have found support to take it short. So unless the bulls find the energy to take out the support then we can assume shorts are the order of the day until things change. However the market was a tad flat for most of the day so come Monday trades need to be kept close to the chest with tight stops and quick direction changes as this battle gets sorted.
It would seem the bears are reluctant to let the bulls get into that wide open space for now and I am still keeping half an eye on that monthly chart though goodness knows how long that will take.
We see the bulls were unable to find support to take it long but the bears have found support to take it short. So unless the bulls find the energy to take out the support then we can assume shorts are the order of the day until things change. However the market was a tad flat for most of the day so come Monday trades need to be kept close to the chest with tight stops and quick direction changes as this battle gets sorted.
It would seem the bears are reluctant to let the bulls get into that wide open space for now and I am still keeping half an eye on that monthly chart though goodness knows how long that will take.