Simple: We are trying to complete the C wave. Will the 200EMA 4hr be the top of the micro C wave or will we muscle through to the 9500 resistance. I expect 9k to hold if we do bounce back down for a retest. If we completely fail to hold 9k, then we could have completed the micro C wave and start the Macro C wave down to 8,000-8,400.
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.
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.