my interpretation:
in weekly we have 1c bearish and 10c,14c bullish.in daily 1c and 10c are bullish and 14c is bearish.
in other side,price is still above 4hr gannhilo,so intrady trend is bullish to me.
also we have daliy gann and weekly 5sma close at 207.50 and 207.90-208 area as a good resistances for upward movement.
so the scenarios that are in my mind will be:
1-price can go to 4hr gann and bounce from there at 205.90-206 area.
in this situation,after 15 min QQE5 cross up and price close above 15min gann,i take another long.
reload half of it in 207.80 area and will wait till good break out above this area.
2-price can go to 4hr gann and break below it and confirmed.
in this situation,price resume it's major bearish trend to the last week low and then will has bounce from that area.
in consider of momentoms i think first scenario will be in play
if another scenario be in construction in next times i will tell you.
ps:these all may be my 2 cents
in weekly we have 1c bearish and 10c,14c bullish.in daily 1c and 10c are bullish and 14c is bearish.
in other side,price is still above 4hr gannhilo,so intrady trend is bullish to me.
also we have daliy gann and weekly 5sma close at 207.50 and 207.90-208 area as a good resistances for upward movement.
so the scenarios that are in my mind will be:
1-price can go to 4hr gann and bounce from there at 205.90-206 area.
in this situation,after 15 min QQE5 cross up and price close above 15min gann,i take another long.
reload half of it in 207.80 area and will wait till good break out above this area.
2-price can go to 4hr gann and break below it and confirmed.
in this situation,price resume it's major bearish trend to the last week low and then will has bounce from that area.
in consider of momentoms i think first scenario will be in play
if another scenario be in construction in next times i will tell you.
ps:these all may be my 2 cents