2 hours ago

14/8/25 Bulls Want Big Leg up With Small Pullbacks

Wednesday’s candlestick (Aug 13) was a bull bar closing slightly above the middle of its range with a long tail above.
In our last report, we stated that traders would see if the bulls could create more follow-through buying, or if the bears would be able to generate some selling pressure instead.
The market traded higher, and the bulls got some follow-through buying.
The bulls got a retest and a breakout above the July 24 high.
They want another strong leg up that lasts for several weeks.
If there is any pullback, they want it to be weak and sideways.
The bears were unable to create follow-through selling in the last four selloff attempts (July 7, July 11, July 15, and July 22). August 4 was the case again.
They want a reversal from a wedge pattern (Jun 20, Jul 24, and Aug 13).
They want the move to lack follow-through buying, forming bear bars.
The bears want the Feb/Mar highs area to act as resistance.
Production for August may be flat or down.
Refineries' appetite to buy looks decent recently.
Export: August export up 23% in the first 10 days.
The market formed a retest and breakout above the July 24 high with follow-through buying.
The buying pressure remains stronger (tight bull channel, strong bull bars) compared to the weaker selling pressure (no follow-through selling).
For tomorrow (Thursday, Aug 14), traders will see if the bulls can create more follow-through buying. If there is any pullback, traders will assess its strength, whether it will be strong or mostly weak and sideways.
Or will the market start to stall and form a pullback instead?

Andrew

Tech_Trader88

Related publications

13/8/25 Bulls Need More FT, Want Any PB to Be Weak

by Tech_Trader88

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.