SHOWN A STRONG RESISTANCE ON MONTHLY KEY LEVEL AND WE DID HAVE A PULL BACK TO THE UPSIDE CREATING A BEARISH FLAG
TOUCHED THE 50% MARK ON FIB AS THIS HAD BEEN RESISTING THE 50% FIB MARK 5 DAYS IN A ROW
BROKE BULLISH TREND LINE
IN A WEDGE TREND AND I WILL BE LOOKING FOR MY TP TO BE THE -27 MARK
DOUBLE TOP FORMED
TREND LINE BROKEN
BULLISH HARAMI FORMED, WE COULD LOOK FOR BULLISH MOMENTUM UP TO THE 38>20% MARK ON FIB
WAIT FOR THE CURRENT MARKET TO RE TEST SUPPORT LEVEL
TAKE TRADE IF TREND HAS SHOWN A REJECTION OFF SUPPORT LEVEL
PUT TP AT -27 LEVEL ON FIB
Last weeks weekly low has been touched and there is no sign of price going any further then that level apart from the last big wick.
Enough bullish liquidity has been created along with tons of accumulation giving us enough juice to short towards the DAILY SR.
Price is touching 20 EMA so should retrace.
daily and weekly bullish blocks have been violated whilst...
price way below 50 ema. Price has been rejected from 6928 level a couple times with bullish jumps. Smaller time frames showing bullish momentum. Time to start buying to the weekly high. Stoch oversold.
Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)