Now cautiously removing my lower Bollinger trend lines unless market breaks lower than $8,271.
Comment:
Spotted MACD pattern on my 4 hour chart. It should be a bullish signal and matches with previous pattern but decided not to publish chart yet because the MACD bar with the lowest reading had its lowest low in the candlestick chart taken out by a later candlestick. Not a clean signal but may add credence to what's happening in the 2 hour chart.
Comment:
Minor error. Just Discovered reverse Williams Fractal was not so because one of the arrows was hiding behind one of the yellow triangles marking times when I had published a post. have therefore removed the second blue coloured Fractal pattern, including the finger that was pointing upwards and the question mark. Market is seeing both Fib support and resistance. It has crossed one of my Bollinger trend lines but its the weekend and will have to observe if it holds because there was not much force behind it and looks more like it crossed while price was going sideways. I may put back the lower Bollinger trend lines. The important thing is that for a good break the price has to cross decisively rather than cross a trend line because price has been going sideways. I may also add one from the 15 minute chart.
Comment:
See my latest posting removing error.