An update to my weekly time frame (bounce off 13880 complete)
Here is an update to my weekly chart. I haven't changed anything
The price wicked off 13880 exactly as expected
At this point I'm still expecting this rollover to take place into Sept.
The 5,6 and 7 you see were drawn on the monthly and show up here on the weekly as well about where they should be.
Disregard the yellow arrow you see in the bottom panel, it means nothing on this time frame.
I drew in my own volume profile because I'm using the free version of Tradingview.
The higher time frame Stochastics are opposing each other meaning, the weekly and daily are pointing down, while the monthly is pointing up. And the mid to lower TF's are on a hunt right now.
The RSI is still very much in bullish control on the higher TF's
We are seeing some divergences on the higher TF's
I put a lot of emphasis on balance I did a not-so-great job of explaining that in my video. I will try to touch on it again to give a better understanding in my next video.
There could be some wild wicks that don't fit in, but the price should return back to my rollover area.
It's the monthly that I'm waiting for ultimately to create a bullish entry. As I mentioned, around September
It's going to be a sideways moving market looks like for while, but there will be some short term opps in there
I made a video on my youtube channel explaining things a little further: channel name "Kick Back Time"
and I will make more as more establishment takes place
Of course, this is not financial advice.
Patrick @ Kick Back Time
and I'll be kicking back time
The price wicked off 13880 exactly as expected
At this point I'm still expecting this rollover to take place into Sept.
The 5,6 and 7 you see were drawn on the monthly and show up here on the weekly as well about where they should be.
Disregard the yellow arrow you see in the bottom panel, it means nothing on this time frame.
I drew in my own volume profile because I'm using the free version of Tradingview.
The higher time frame Stochastics are opposing each other meaning, the weekly and daily are pointing down, while the monthly is pointing up. And the mid to lower TF's are on a hunt right now.
The RSI is still very much in bullish control on the higher TF's
We are seeing some divergences on the higher TF's
I put a lot of emphasis on balance I did a not-so-great job of explaining that in my video. I will try to touch on it again to give a better understanding in my next video.
There could be some wild wicks that don't fit in, but the price should return back to my rollover area.
It's the monthly that I'm waiting for ultimately to create a bullish entry. As I mentioned, around September
It's going to be a sideways moving market looks like for while, but there will be some short term opps in there
I made a video on my youtube channel explaining things a little further: channel name "Kick Back Time"
and I will make more as more establishment takes place
Of course, this is not financial advice.
Patrick @ Kick Back Time
and I'll be kicking back time
Comment:
Disregard the text and yellow arrow you see in the lower RSI/Stoch panel. They are intended for other TF's
