The four hour rally
A four hour break upward inside a bearish daily, the rule that decides what it means, and what it says about the timing of the week.
One chart down from the daily, gold is doing something that looks like a contradiction.
The four hour has broken up
On the 4 hour, price closed past its last lower high. Inside a bearish daily that reads as a problem.
A 4 hour break upward inside a bearish daily looks wrong and is not.
The rule
A break on the 4 hour with no daily break in the same direction leaves the daily bias where it was.
Module 36 gave the ladder for this: every break is a pullback on the chart above it. Module 34 gave the other half: only a daily close changes a daily reading.
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