Disliked{quote} that drop was expected after a symmetric move has been done. each white line in the chart moved about the same distance and a retrace followed. The two most recent drop also have the same distance (two blue line), that were also symmetric drop. Notice also bounces up and down often happens in the channel marked by the two inner blue lines. if it dropped out of that channel then it would be bearish. now it is bullish. right now it is moving to the next expectation, the confluence area marked by the purple circle {image}Ignored
All this to say, on 4 hour timeframe, why would bulls be buying here? Yes, I have a (very small) short position & a short bias right now.
Again, I love your charts & posts, just posting a counter thought.
defense wins championships