3xMonth previous May 2015 hi 303.8 lo 214 swing hi 303.8 lo 214 March sales volume a little more the previous buy volume April sales volume passed the middle of previous sales May sales volume 3/4 less previous sales
3x week previous hi 249.2 lo 218.3 swing hi 249.2 lo 214 Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240 WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5 WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
Buy volume has increased but not as much as sales volume. The price has begun with a sell volume 1/4 higher then previous with already 3x the price action. 3x day previous hi 271 lo 255 previous swing hi 271 lo 247 the day has already breached recent low's
The downtrend is not over. I expect a drop down to the last lows to form a real bottom before we can return to the mean. For more detail please look at my zoomed in version of this chart:
Just some anticipation. 365 is an ideal target. If you don't want to risk a buy now, you should definitely wait and short at 365. It offers a confluence of different major levels like a longterm resistance (purple) and a strong OTE level. By the way a similar move has happened right around the same time one year ago. This is a layout, don't take this as an exact...
Looking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top. If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD. If price breaks through the upper trend line, higher...
Using Wheel on other application to analysis date, turning point might happen around Jul to Nov, enter in the yellow spot, and aim for 2015 Feb @ 4.61. ideal enter at 3.5, exit at 4.5 - 4.6.