/biz/ - Business & Finance

>>14856036
2. The real question now is, where is price headed to next? atleast in the absolute short term; is there any more room to move upwards in the next few HOURLY to 4HOURLY candles?
An answer can be somewhat found by looking at the 4HOURLY and HOURLY candles. It seems that in the short term, price is uncertain, so of course when price is UNCERTAIN it heads to the MEAN of the distribution. The MEAN here (atleast the most logical common sense mean) is the 4HOURLY MEAN and the 1HOURLY MEAN. Which both line up to around ~10900, the next logical point of resistance should be the MONTHLY and DAILY UPPER 2.2 levels, which would be the confirmation, if price closes above it, that prices are headed bullish on those respective time frames. The UPPER 2.2 benchmark for the DAILY and MONTHLY charts line up near enough with the 4HOURLY UPPER 1.25 CONTAINMENT ZONE, suggesting that price IF it can hold the 4HOURLY and 1HOURLY mean it seems it will try and test the UPPER 2.2 benchmarks for higher time frames to try and confirm or deny bullish sentiment.

It looks likely that we see LATERAL sideways movement in the short-medium term, only because the 4HOURLY distribution seems to be flattening out, expectation of sideways trading to come, even though higher time frames suggest the bullish sentiment is still there.
If and only if, the 4HOURLY mean can hold, then it seems likely a test to push the higher time frame distribution into bullish sentiment, it means you could potentially buy the the HOLD of the 4HOURLY MEAN and then trade the breakout towards ~12250.
Atleast that'd be what i'd do, all it would take it keeping an eye on the price as it travels in and around the 4HOURLY mean, then looking at the 1HOURLY timeframe to see if anything looks suspicious or if volume comes in on the smaller time frame to keep the 1HOURLY distirbution 'perky' and up.