20 ema broken. Main level as of now to test will be 81.3 i would expect a fakeout wick down to 80.8 but bears are in full control as of now.
We can see clear rejections at 86.5 and not much strength for bounces on emas. We had to hold 83k and bounce off the emas which we failed.
Still not going to short here only because 4h emas are completely gapped and probably see a wick upwards first but once we hit 81.3 that is where we will have confirmations on setups.
Its been alot of sideways action this past week and you can see exactly why we didn’t trade. Forcing a setup during sideways is how you get liquidated
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