/biz/ - Business & Finance

>>14861208
2. Here I was wondering why price had stalled at the MONTHLY MEAN, (again this is where THE MOST UNCERTAINTY LIES), after such a strong run up back to the MEAN, it was a matter of 'hmm can it hold and break further ground higher?'
It became apparent on ALL time frames, barring the MONTHLY that well, price had FAILED TO CONVINCINGLY CLOSE ABOVE THE UPPER 2.2 BENCHMARK, which again is indication of bullish sentiment. This should have been the first clear red flag that maybe participants didn't want to push for higher ground, I mean they've probably been exhausted from pushing the price back UP to the mean, probably best to wait for a small dip before pushing beyond the mean right? The only timeframe that saw convincing closes ABOVE the UPPER 2.2 was on the 4HOURLY, and that was only for a few candles, not really indicative of the broader market sentiment is it? It's barely recognisable on any other time frames that price had closed above that benchmark.