/biz/ - Business & Finance

>>14896708

5. It's a matter of the 1hour and 15minute time frames of now holding above their respective means and making successful attempts at the upper 2.2 benchmark on both and consistently holding on both. It seems like RIGHT NOW, that price would have to soon ATTEMPT and HOLD above the 5minute upper 2.2 to actually try and attempt to move to the 4H mean, an attempt and hold about the 15minute upper 2.2 would then need to be followed by the same happening on the 1h time frame. Right now price is below the mean on the 1h time frame, and will continue to remain there unless the 15m distribution brings price up.

Honestly the way it's looking RIGHT now, the price seems to be failing to hold the 1h mean, it already failed it just recently (the light blue line), and the 15m chart has price volatility compressed VERY tightly.
Personally the price heads back down to 113-118 before even attempting anything else, it's barely holding the 122 price it has right now with conviction