2022 Charts, page-2312

The daily is looking a bit ambiguous for the near future, and the hourly is looking outright bearish. I suspect we'll likely close the 54c gap tomorrow. I'm sure we'll continue our next leg up to a new ATH in the not too distant future, but after closing the gap we could go either way in the short term. If we do go down after closing the 54c gap, the lowest I can possibly see us going is closing the 49c FVG, but I'm betting against it going that low, especially with the FVG being a fairly flimsy one.

The 54c gap is also relevant on the weekly chart, adding a lot of weight to the chances of it being filled. The weekly is still, IMO, significantly bullish.

The monthly is extremely bullish and I think there's a better than average chance of a new ATH next month, and if we don't get a new ATM before the end of December I will be very surprised. Just under two months to Christmas and I'm very confident we'll get out ATH Xmas gift before then.

For me the bearish hourly chart is just providing a fun show to watch. We'll probably see shorters (brave/stupid as they are) try to push us down to one of the technical targets (they may well have been responsible for the drop this afternoon) before we quickly bounce before we get our quarterly report and monthly progress report. I doubt many shorters will be brave enough to have any skin in the game on Friday/Monday with those reports coming. Definitely better to have a bearish hourly and bullish weekly and monthly than the other way around.

Haha, the FOMO at the end of the auction was fun to watch! Everyone knows where this is going in anything beyond the very short term.