Ellipsis currently is within a big consolidation which is indicated by the violet lines.
The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge.
Daily chart on the left hand side:
- We see the price consolidation into a very narrow range.
- The RSI is hovering over the 50 line and it looks like...
The market reaction to the latest movements was awesome. It crashed at the speed of light and started to recover at almost the same speed.
To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture...
The price has been going down following repeated patterns of small recovery and dramatic fall following.
The hope is in the angle of the slope which is less steep.
We have seen a big fight between people coming in to buy and strong sellers having the hand on this market. Isn't it normal to expect people taking their profits when this market have seen a super...
That is my proyection in H4 timeframe on how we see AUD for the next hours in each H4 candlestick, and more importan is to see in H1 timeframe when the price is going to down a little it's make a pull back. For now, there are not reccomendation to operate and trade this par, we need to hope the confirmations, because there are two probabilities:
1. The price is...
