The Daily structure shows formation of a Higher Low and previous 2 Daily candles were part of the bullish impulse. The 4H structure can be seen creating Equal Highs, signaling probability of structure shift from bearish to bullish, confluently with the Daily Bullish bias.
- Pair neither overbought nor oversold - Recently crossed EMA (25, close) and tested as resistance - Wait for bearish candlestick
- RSI and Stochastic Oscillator indicating pair is overbought - Pice managed to close outside of recent consolidation zone but has yet to retest
- Stochastic Oscillator dwelling in overbought territory - Pair possibly in a downtrend
- Stochastic Oscillator indicating pair is overbought - Pair broke strong resistance and successfully retested, may be an indication that the uptrend will continue
- RSI and Stochastic Oscillator both indicating pair is overbought - Pair approaching strong resistance 149.5 (price has been unable to cross and close since May 2018)
- Oscillators approaching oversold territory - Price closed at previous resistance, may function as support now
- Price neither overbought nor oversold
- Price overbought on Stochastic Oscillator - Price reversed at key level (111), may function as strong resistance
- Price oversold on Stochastic Oscillator - Price experiencing instability at strong support level
- Price is oversold on the Stochastic Oscillator - Price reversed at recent low - Might form a double bottom
- Price broke briefly below EMA (25, close) and returned above, the following candlestick - Price neither overbought nor oversold
- Price neither oversold nor overbought - Recent consolidation above EMA (25, close), price was unable to break on the downside - Price is now at recent highs, could form a double top or break above zone - Price would need to close above zone on the daily or 4-hr chart
- Price approaching previous support/resistance
- Price directly above EMA (25, close)
- Price approaching strong support … Pair has only been able to cross once since June of 2017
- Price retraced to 0.5 fib level, may continue on previous down trend
- Price directly above EMA (25, close), following tentative downward trend line