the price is at the level from which there was a drop earlier; a repeat is expected.
The price below the trend line from which the rebound was
According to the Richard method of Wykof, a very interesting formation is being worked out, it has 3 varian.
1. PSY - pre-purchase: There was an accumulation in the form of a side,
2. OV - oversold: breakdown of the trend support line down at a high V -, climatic, all accompanied by a large number of signals for an SP-type rise and a rebound from the 1/2 fibonacci /
3. AR - Auto reaction: A good, quick climb that speaks to the strength of the buyer. In the original, with AR, the price reaches PSY, from where a drop occurs in the form of a normal reaction, weaker than a rise.
4. BT - Basic test: it is clear what the seller is, after which there is a long rise
The first strong resistance at the level of 269.00 breakdown level. It can give resistance, if the price rebounds from the level weakly, it will go further to the level 260.00 where is 1/2 of the Fibonacci level, which will give resistance and price reversal
The price below the trend line from which the rebound was
According to the Richard method of Wykof, a very interesting formation is being worked out, it has 3 varian.
1. PSY - pre-purchase: There was an accumulation in the form of a side,
2. OV - oversold: breakdown of the trend support line down at a high V -, climatic, all accompanied by a large number of signals for an SP-type rise and a rebound from the 1/2 fibonacci /
3. AR - Auto reaction: A good, quick climb that speaks to the strength of the buyer. In the original, with AR, the price reaches PSY, from where a drop occurs in the form of a normal reaction, weaker than a rise.
4. BT - Basic test: it is clear what the seller is, after which there is a long rise
The first strong resistance at the level of 269.00 breakdown level. It can give resistance, if the price rebounds from the level weakly, it will go further to the level 260.00 where is 1/2 of the Fibonacci level, which will give resistance and price reversal
Comment:
In horizontal volume, an increased number of applications in the upper part of the big wave is up, which may be sales at the end of the wave.