The daily chart continues to tighten on low volume as we know a break is imminent early this week.
The bulls are trying to form a daily higher low, and a break of $6,585 would confirm our daily higher low is set.
Note all short term time frames lower than the daily are a bit choppy, though the 4 hour can give us a bit more clarity for levels.
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Just as I was typing this bulls broke this $6,585 level.
We now have our clear daily higher low at $6,492.
This gives us a daily range now of $149 set to break shortly.
Both bulls and bears are setting stop orders for when this range breaks.
The bulls are trying to form a daily higher low, and a break of $6,585 would confirm our daily higher low is set.
Note all short term time frames lower than the daily are a bit choppy, though the 4 hour can give us a bit more clarity for levels.
__________________________________________
Just as I was typing this bulls broke this $6,585 level.
We now have our clear daily higher low at $6,492.
This gives us a daily range now of $149 set to break shortly.
Both bulls and bears are setting stop orders for when this range breaks.
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