Possible pullback for continuation

6 Tem

So taking a step back. We certainly have been in a fairly strong down trend. The daily EMA 200 is around 58250 at the time of this posting. Watching to see if the daily can close above or below. It seems like buyers are stepping up and taking back control of the price. Looking at the 4h Time frame we have a nice FVG between 56850 - 57230 area. I will be looking for a pullback into the 4h FVG to get long. If price can sweep that FVG and we get a good reaction then i think its a good place to pull the trigger and another long for continuation to the upside. At the moment i am cautious about this PA. Its not the norm to see moves like this on a Saturday. Generally we get weekend pumps on Sundays when we get a slight uptick in volume.

Still Bearish but i am certainly open to taking a nice long setup.