We might see an bulflag happening soon and pumps toward the 0.5fib
We came Into this consolidation bullish, previous higher high shows a double bottom, and also a touch of support after breaking into this zone..
Targets 8.5k if daily close above we could see a potential off hitting a range of 8.8k and 9k
There are also bearish concerns which make me believe we only hit 8.5k
We are still under the 200 daily MA the 100MA on the 4h chart came down under the 0.5fib..
Be cautious if this breaks up.. could be a fake out and drop hard.
Also there is an potential if we don’t break above 8.5k to have a bear flag on the daily
Targets 7.7k if that breaks 7.2k-6.8k
We came Into this consolidation bullish, previous higher high shows a double bottom, and also a touch of support after breaking into this zone..
Targets 8.5k if daily close above we could see a potential off hitting a range of 8.8k and 9k
There are also bearish concerns which make me believe we only hit 8.5k
We are still under the 200 daily MA the 100MA on the 4h chart came down under the 0.5fib..
Be cautious if this breaks up.. could be a fake out and drop hard.
Also there is an potential if we don’t break above 8.5k to have a bear flag on the daily
Targets 7.7k if that breaks 7.2k-6.8k
