waiting to see confirmations on what price will do next as it has diverged of the green support level multiple times in the past.
-If not then price may diverge of the trend line.
regardless price is expected to either diverge, show rejection or break through to the down side.
Price is currently in a down trend, there is a minor pullback which shows that its making lower highs & lower lows:
-prices hasn't yet exceeded the resistance level and has diverged of the trend line.
-candles remain lower than the MA.
Price has faced a rejection at the blue support level multiple times in the past and has just faced a strong wick rejection indicating huge bullish momentum.
-divergence at trend line.
-price action shows a drastic deceleration in the bearish momentum.
Indicators are showing otherwise (but this may be due to the lag of the MA).
Price is closed to a resistance level which it retraced of 11 days before.
There Is a bullish engulfing candle at 0.28225.
When using three EMA's the shortest period on is on top and the longest is at the bottom.
The candle crosses over the 8 EMA.
When price previously reached fib level 0.236 it carried this bullish momentum up to the...
price is expected to bounce of the blue square of diverge at trend line.
If not we'll have to wait for it to hit the resistance before placing a trade.
notification at resistance.
(Triangle help indicate the steep gradients the market is presenting)
If price reaches support at fib level 0.236 and is showing bullish momentum then its a buy all the way up to the resistance level.
Price may either diverge at TL(in that case it's a long trade) or reach support level in blue( where we will have to continue watching the market).
set notification above where price is currently and at the support level...
The green resistance line has been respected in the past which indicates a potential drop in pricing.
-RSI exceeds the 70 level showing that it is most likely to come back down.
-2 long wick candles at the green resistance level.
- a large bearish engulfing candle followed by...
-... a retest and a rejection.
-when scaled down to the 4 hour time frame...
Support level at 104.972 has been respected multiple times in the past.
Price action creates a double bottom at the support level as well as leaving a wick up to 104.10 indicating strong bullish momentum.
-last 3 bullish candle stay respective of the 8 EMA hinting at a continuation of the increase in the market.
-fib retracement tool shows that...