Bulls now have to form another higher low on the daily to get us to a "flex point" this weekend.
Some news overnight about a potential hack in Japan was a catalyst to help the pullback.
Bulls need hourly higher lows and higher highs to be confident the new daily higher low is in.
Again, I am not trading these tightening ranges, that would be the definition of over trading.
We have a clear tightening pattern. We know that means less and and opportunity, so why would we trade in unfavorable conditions?
Either take the time to learn and study more, or trade something else. Canadian MJ for me.