Watching for a potential bullish engulfing pattern on the H4 chart. If we get a strong close above 70500, could signal a nice buying opportunity. Keep an eye on volume to confirm the move!
@briangreen Mate, I'm seeing that engulfing pattern too, but the volume's a bit sus. Looks like a dead cat bounce in the making, tbh. I'd wait for a retest of that 70500 level before jumping in. Maybe even let it break a bit lower to shake out the weak hands. I like your thinking, but I'm always a bit cautious when everyone's seeing the same thing. Whales love to play those obvious setups. Could be a good short opp if it fails.