Strong uptrend over the previous 4 trading days. Volume recently stagnating indicating buyers may be losing momentum. Price is at a previous significant resistance area. A double top chart pattern has formed on the 2 hour chart time frame indicating the buyers may be losing momentum. I am biased towards a down move.
An inside bar has recently formed on the one hour time frame indicating price is pausing. Volume is also declining adding further confluence that the recent uptrend is pausing and may either continue upwards or reverse. I am biased towards both directions so have placed long and short orders. if price moves in one direction but then reverses quickly, the first...
An inside bar has formed on the one hour time frame indicating a pause in the recent downtrend. Volume is also decreasing further adding confluence that the price has paused. Both these factors can indicate price will move quickly as either a reversal or continuation of the downtrend. I am biased to both directions therefore placing trades in both directions. ...
Price seems to be stalling on the one time frame with the formation of a recent inside bar from the recent uptrend. Volume is decreasing which also confirms price is stalling. History shows when an inside bar forms in the middle of a trend and declining volume, price may breakout in either direction. I have placed a long and short trade because I am not sure...
Price has rejected this indicated area three time in the past month with a bearish pin bar forming yesterday. This is indicating that buyers do not have the commitment to push price above $1,260. Volume is also decreasing which can indicate the buyers are losing steam, therefore I have a bearish outlook for the short term.
Recent price action indicates sellers have rejected the buyers attempt to take back control with two recent bearish pin bars. Price has also retraced to important levels, previous support and resistance plus the 61 Fibonacci level. Volume is also declining which is an indication that the retrace might be running out of steam. I have a bearish outlook for the...
Recent price action and volume may indicate the recent pullback may be ending and continuation of the downtrend may continue. Price has pulled back to a previous support area back in early December 2016 and a pin bar has formed indicating sellers have taken control of recent price. To add weight towards downward move, volume has also clearly decreased and...
bearish pin bar has formed indicating sellers have taken control over the past hour. Price penetrated previous support and also an important support area. Price has also retraced to the 50% Fibonacci level. My overall bias is down trend.
Clear daily downtrend, price approaching major previous support area. Price has retraced nicely and formed two consecutive pin bars indicating buyers have been rejected twice, overall momentum is down and price retraced to the 50% Fibonacci level. My biased is a further downward move however I am cautious of the major support area near my target so I'll be...
The trend is your friend. Clear up trend is in place. Price has retraced to the 50% Fibonacci level in conjunction with a recent inside bar indicating that price is undecided. Often when price is indecisive a strong move can follow as either the buyers or sellers take control. My biased is towards an upward move based on the recent uptrend momentum confirmed...
Price has reached an area known to contain sellers, this area has shown strong swing points in the past. Over the past 24 trading hours sellers have taken control of price with the formation of a pin bar. My biased is towards a downward movement. Conservative entry could be placed below the low of the pin bar candle, if trade is triggered then the profit target...
Pin bar has formed recently indicating sellers have regained control over the past few hours and maybe ready to push price further down. Price has also retraced to the 61.8% Fibonacci level. Sell order could be placed near lower end of pin bar candle. Reward is 2:1
Price appears to be ranging on this daily and weekly time frames. You can see obvious support and resistance areas. price has recently tested an area of resistance and was rejected with the formation of a pin bar. The bearish pin bar indicates that sellers have taken control of price over the past 24 hours. I am biased towards a downward movement. Entry could...
Price appears to be ranging on this daily chart and has reached an area of previous selling pressure, this level is important as has acted a major swing point in the past now showing on this chart. Bearish pin bar has formed indicating sellers have taken control of price over the past 24 hours. Because this area is known to contain sellers and bearish pin bar...
Price is trending down on this daily time frame and confirmed with higher time frames. Price has recently retraced to a major support area and formed a long tailed bar. The long tailed bearish bar indicates sellers have taken control of price over the last 24 hours. Price has tested a major support area and was rejected which is also at the 50% Fibonacci level....
Price is trending down on this weekly time frame. Price has recently retraced to a previous area of support and formed a bearish pin bar. The bearish pin bar indicates that sellers have taken control of price during the last week and may continue to push price downwards. Price is also trading in between the 10 and 20 moving averages and has also retraced to the...
Price has been trending down over the past two weeks, higher time frames show price is ranging. Price has recently retraced and formed a pin bar. The bearish pin bar indicates sellers have taken control of price over the past 12 hours. Price is trading in between the 10 and 20 moving average and has retraced to the 61.8% fibonacci level. Based on these factors...
Price has reached a strong selling area. This area has acted as many swing points in the past and is clearly an important market level. Price is not trending, price is ranging and confirmed by higher time frames. A bearish pin bar has formed in this selling area indicating sellers have taken control of price over the past 24 hours and therefore I am now biased...