After a strong rejection on the weekly 21 EMA, price closed one time framing up and it is holding the 09282020 Gap up,for that reason, bulls are winning the battle until now.
In a lower time frame we can see that we have a complete auction in both sides but the buying tail is a little bit bigger than the selling tail, for that reason the odds of a break out on the previous week high are higher than a break on the weeks low, we do not know where is gonna be the break because next week can be a inside week but we have to be ready for the move.
let´s see what this week is going to show us, but we have a bull bias until now.
In a lower time frame we can see that we have a complete auction in both sides but the buying tail is a little bit bigger than the selling tail, for that reason the odds of a break out on the previous week high are higher than a break on the weeks low, we do not know where is gonna be the break because next week can be a inside week but we have to be ready for the move.
let´s see what this week is going to show us, but we have a bull bias until now.