hermes_trisme

hermes_trisme

Context: Weekly – uptrend (UT), one-time-framing up Daily – uptrend Microstructure: Poor highs, poor lows Last day: value moved down Special notes: There are multiple signs of UT exhaustions: shortening of daily trend upthrust, daily volume dries up, last week value area overlaps with previous week Moreover, price is close to monthly resistance cloud....

hermes_trisme Updated 

Context: Monthly, weekly - Uptrend (UT) Daily - downtrend (DT) Micro-structure: Poor low from yesterday, excess high from Wednesday Last Day: Bearish break out from the range w/o much follow through (b-shape profile implies liquidation of longs, w/o new business). Price returned to the previous range. Conclusion: Healthy weekly consolidation. Daily DT...

hermes_trisme

Context: Monthly – Uptrend (UT) Weekly - UT tentatively confirmed. Last week value moved just a bit lower comparing to preceding week, which signals down movement exhaustion. Daily – broken downtrend (DT). Microstructure: Excess at the high, excess at the low Last day: Price moved to the top of the range, finding some acceptance and setting weekly HL ...

hermes_trisme Updated 

Context: Monthly – Uptrend (UT) Weekly - range, potential setting of higher low (HL). Last week value moved just a bit lower comparing to preceding week, which signals down movement exhaustion Daily – broken downtrend (DT). Last two days (Saturday-Sunday) are inside bars within Friday’s range (two days balance) Microstructure: Two days with excess low (1st and...