Overdue retracement finally arrived? Looking for higher low.

Bulls ran out of steam in the most recent 1hr bullflag and fell downward out of it wicking down under the 1hr 50ma briefly before hitting a rebound and bouncing back above the 50 where it eventually rested with the 50ma on the 1h4 maintaining support and is now deciding whether or not it is gonna form a bear flag potentially allowing it to dip a couple rungs lower down the bear ladder from here. At the same time(and the main reason I'm still leaving this idea as neutral as the last idea I posted before the current drop), we closed the last 1hr candle as a green bullish reversal hammer and also on the 3hr chart we have had a golden cross(50ma moves above the 200MA) both of these things could provide a nice bullish momentum boost potential possibly even enough to lift us back inside the bull flag within the next 4hr candle to invalidate the bearish breakout. Probability however favors a bear flag forming with the most liekly outcome of that bear flag being a further break downward...I have a fractional stoploss ready to go around 7911 should we break below the current potential bear flag. However for now I remain neutral. One thing we will be looking for is a higher low...as long as we flip bacl to the uptrend before dipping below the eve trendline we will certainly do so which is a very high probability.

코멘트:

the rsi on the 4hr and 1hr is back to non overbought levels and the stoch rsi suggests a cross over to the buy signal soon on the 4hr and a potential buy crossover on the 1hr as well. still looks like a bear flag forming on the 4hr which means most likely more downside best to be neutral for now

코멘트:

stoch rsi buy signal was on 45minute not 4hr

코멘트:

bear flag playing out moreso on the 30 minute...1,5,15,and 30 minute t line's are current resistance.

코멘트:

1hr 50ma starting to receive more and mroe pressure from the bears