I know the market has been barely moving the past few days vs the stronger candles we had earlier.
Hence why things might get quite repetitive what I say as this means there's little new to update on a day to day basis.
But if I had to repeat one thing and show again it's that there is very little we right now need to do besides just looking at the chart below.
It's one of the only fair representation we need right now.
Lower time frame price action might be flip-flipping up and down right now but zooming out things are extremely clear.
- An end to the downtrend
- Regained momentum
- Very similar formation as last time
The fact that we are actually having this price action with the less than ideal news we've had lately (macro escalations, interest rates up, clarity act refused) only proves further that we have left the earlier bear/downtrend market we had before.
Objectively I will still say that the majority off the market isn't in a true bullish environment just yet but the majors certainly are.
And if they prove once again to be a leading indicator we could still have some fireworks from the little soldiers.
Hence why things might get quite repetitive what I say as this means there's little new to update on a day to day basis.
But if I had to repeat one thing and show again it's that there is very little we right now need to do besides just looking at the chart below.
It's one of the only fair representation we need right now.
Lower time frame price action might be flip-flipping up and down right now but zooming out things are extremely clear.
- An end to the downtrend
- Regained momentum
- Very similar formation as last time
The fact that we are actually having this price action with the less than ideal news we've had lately (macro escalations, interest rates up, clarity act refused) only proves further that we have left the earlier bear/downtrend market we had before.
Objectively I will still say that the majority off the market isn't in a true bullish environment just yet but the majors certainly are.
And if they prove once again to be a leading indicator we could still have some fireworks from the little soldiers.