We have been trading around this anticipated equilibrium for days, and it looks like the daily lower high may be in.
We will look for the 4 hour chart to form a higher low over the next 24 hours.
From there we will have a very tight range expected to break this weekend.
Many people are looking to the futures contracts to end tomorrow, and we could see people use this as a catalyst to get in and break the pattern bullish.
We will be protective and slow down trading in this range as we know things are tightening which means less opportunity.
Hourly chart shifting back to higher lows and higher highs will be a clue that our 4 hour higher low is likely in.
We will look for the 4 hour chart to form a higher low over the next 24 hours.
From there we will have a very tight range expected to break this weekend.
Many people are looking to the futures contracts to end tomorrow, and we could see people use this as a catalyst to get in and break the pattern bullish.
We will be protective and slow down trading in this range as we know things are tightening which means less opportunity.
Hourly chart shifting back to higher lows and higher highs will be a clue that our 4 hour higher low is likely in.
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