Hello guys,
We have about 90 minutes left to the close of the current H4 candle the closer we get to the close the more of a fight the bulls will put up to try and keep the candle close above the trend line, the bears will be attempting the opposite.
If the H4 candles closes below the trend line and we see good bearish candles on the lower time frames close aswell it will be a good signal to short.
Logical Targets are:
100% .9535 > .9480 > .9454 > .9312 > .9260
The declining movement strength is slowing down you will notice that by the ever more oftenly occuring corrections on the smaller time frames, on par to what we had before: big moves, small corrections… now its small moves almost equal correction.
If you haven’t terminated your short yet you must be one hell of a cowboy/girl, i recommend you do so as soon as you start noticing Higher Lows.
Remember if the movement is dominated by bears, it is not acceptable to have Higher Lows, talk less of Higher Highs.
On the Upside:
Bulls will need to take the price over .9657 (38.2%) to earn any authority, for now any bullish movement we see will be at the mercy of the bears. They are holding the bulls on a leash for now.
Targets: .9691 > .9727 > .9732
Keep it safe guys.
Regards
E. Lang