Tinashe187

Tinashe187

PROBABILITY 2 - A POSSIBLE FORMATION OF THE DOUBLE TOP PATTERN WHICH IS A REVERSAL PATTERN WHICH SHIFTS THE MARKET FROM BEING BULLISH TO BEARISH. THIS IS POSSIBLE IF THE LAST HIGH HOLDS AS A STRONG RESISTANCE WITH ENOUGH MOMENTUM TO PUSH THE PRICE LOWER.

Tinashe187

PROBABILITY 1 - PRICE GAVE US AN IMPULSE AS SHOWN BY THE GREEN ARROW . A PULLBACK AFTER THE IMPULSE CAME TO REST IN BETWEEN THE FIBONACI RATIOS O.382 AND 0.5 WHICH IS A STRONG REJECTION ZONE ALSO KNOWN AS THE GOLDEN ZONE. FOR TURN AROUND POINTS WE WILL USE THE THE FIB EXTENSIONS -0.27 AND -0.618 AS THESE ARE NEW HIGHS WE DO NOT HAVE REFERENCE TO OUR LEFT . WE...

Tinashe187

NEW MONTH NEW PRICES AS PRICE MANAGED TO BREAK THROUGH ALL THE DAILY RESISTANCE ZONES . THE MARKET IS SHOWING POSITIVES KICKS AS THIS IS THE NEW MONTH AFTER PRESIDENT OF THE USA BIDEN WON THE ELECTIONS.

Tinashe187

HEADS AND SHOULDERS PATTERN ON 15 MIN.

Tinashe187

ON A DAILY PERSPECTIVE US30 PRICE IS MOVING UP COLLECTIVELY RESPECTING THE LOWER AND THE UPPER TREND-LINE OF THE RANGE. CURRENTLY PRICE IS AT A DAILY RESISTANCE LEVEL WHICH IS IN CONFLUENCE WITH THE UPPER TREND-LINE OF THE UPWARD MOVING CHANNEL. THERE IS A HIGH PROBABILITY THAT THE MARKET MIGHT GIVE US A DOUBLE TOP FORMATION WHICH IS A REVERSAL PATTERN THAT...

Tinashe187

SECOND PROBABILITY IS THAT PRICE FAILS TO PUSH THROUGH DAILY RESISTANCE, PUSHES DOWN FINDING ENOUGH MOMENTUM TO PUSH THROUGH THE INTRADAY TRENDLINE , COMES BACK TO RETEST MIDLEVEL SUPPORT 3 AND CONTINUES TO GO DOWN AS ILLUSTRATED BY THE ARROWS.

Tinashe187

DROPPING DOWN TO A LOWER TIMEFRAME OUR FIRST PROBABILITY IS THAT PRICE PULLS BACK TO MIDSUPPORT LEVEL 3 WHICH IS IN CONFLUENCE WITH FIB LEVELS 0.5 AND 0.382 , WE EXEPECT IT TO PUSH UP AS ILLUSTATED BY THE ARROWS ON THE CHART.

Tinashe187

PRICE IN A DAILY RANGE PUSHING UP CREATING HIGHER HIGHS TOWARDS THE RESISTANCE