Potential Double Top (Rightmost Triangle) RSI Oversold Current candle is near trendline Looking for 25% from current price to previous low
Heavy resistance area. Looking for 25-50% of previous low (horizontal rays w/price labels). RSI overbought (hid indicator for more room on mobile chart publish).
Double top at resistance level? Price trading sideways since Dec 7th. Overbought RSI.
When we are BULLISH and price wants to go higher it will create a TRIANGLE. After the TRIANGLE is Complete at a Macro PP price will consolidate and accumulate buy & sell orders aka MONEY aka LIQUIDITY. Once this accumulation is complete price will then head north and take out the previous high. Once this high is taken out it will reach for more liquidity aka buy...
I really like this setup here. I started a leg a few moments ago. Price could go a bit lower but the narrative stays the same. Price did not break lower than the start of wave 1 yet. It usually retraces 61% from what I've seen. If price doesn't break the recent low, we could be headed for a wave 3 extension. Not sure if the full impulse wave will play out....
Let's keep this simple. Price may very well be exhausting still to the downside. A higher high has been made recently. The recent low hasn't made a lower low although it still could in the near future. Looking for price to test the recent high. What do you think?
Let's keep this simple. A new high has recently been made. Price did not break previous high. It still could by the way. There is a lower low that has recently been made. Looking price to retest the previous low that has been made.
CADJPY reversed and we waited for the market to come to us!
Let's keep this simple. New high was made recently. A higher low is forming. Can price retest the previous high? I can see it rejecting the previous high and going lower. What do you think?
Let's see if price continues to melt down. Let's see if price reaches 38 to 50% retest of recent low. If price reaches 100-123%, we will look for short term long depending on price action.
Now that the long target has been reached, let's see if we get a retracement of 38 to 50% of the recent low. If price reaches 100 to123%, we will look for longs depending on price action. Previous idea is connected down below!
Bullish divergence on rsi? Double bottom indicator and lower low price action? Looking USD weakness after a strong FOMC day. Could price retest recent high to some degree?
Bearish RSI divergence with double top on indicator and higher high? Over extended bull run? Let's see if price retest the recent low.
I like the price action here. CHF took a lot of damage. let's see if we get a retest of recent high.
Looking for price to retest the recent highs. Price is at a level im comfty with to get some type of bounce to the upside. Let's see what happens.
Price at nice support level. Looking for a test of recent highs.
Let's see what happens! Possible Bullish divergence on the RSI with the double bottom on indicator and price action creating lower low.