The 4h is playing a key role in this latest price action. It's often one of the most reliable timeframes especially with the moving averages and TD9. We have support of the 50ma after seeing resistance on the 100ma previously. We also had a 9 count which often gives a very strong bounce on the 4 hour charts. In addition to this we have an extra support at the 0.786 fib from the support level of the initial breakout which marks the start of our latest mini uptrend. Still bearish on the more macro charts but I believe today could be another green day and another opportunity to help prevent or delay that dreaded death cross.
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