After a market dump timed right with Metropolis, in what looked like a sell the news reaction, the bulls hit a low with 15 min RSI signaling the temporary bottom.
From there the 15 min chart broke the lower high, lower low pattern and bulls saw a solid bounce that is resulting in a potential higher low on the 4 hour.
The 15 min chart losing the higher low pattern will be an indication of bulls tiring on the bounce and the bears taking back over.
From there the 15 min chart broke the lower high, lower low pattern and bulls saw a solid bounce that is resulting in a potential higher low on the 4 hour.
The 15 min chart losing the higher low pattern will be an indication of bulls tiring on the bounce and the bears taking back over.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.