Analysis in it's simplest form A strong Uptrend followed by a series of lower lows and lower highs Potential 4H pinbar in the making
Confluences : 1/ Trend 2/ break of 1.10 3/ EMA's rejected 4/ Fib in play 5/ Bounce of TL
This is the situation: 2 patterns at the same time, the YELLOW and the BLUE BLUE: lower low and higher low formed, and the blue resistance has been broken, so we probably see the EUR retesting the yellow resistance, for the yellow lower low and higher low. If the yellow resistance will be broken, target to the monthly fibonacci retrace. Don't forget the...
Still currently in a long position since $260 and waiting for signs of a reversal. We could either fade out here or go parabolic into the $300s. Considering the news catalyst, I think we will probably go parabolic sooner rather than later and meet resistance around the same place as last time, where I will start looking for shorts. If the trend stays healthy...
We're sitting atop the local higher low here. As soon as we establish a lower low, the targets below are where I would expect it to reach. There is strong support around $200, so if it is going to turn around, I would expect it to turn around there. Overall, I'm still pretty bullish, but we can't know for sure until we reach one of these targets and see what...
CAC at the descending trend line created by previous 2 highs. Lower highs with lower lows suggests continuation of downtrend, much like the Norway OBX.