ptiforex

ptiforex

This prediction follows the range break which happened on the week of 10th of November. The price is expected to rise up to $1871, which is our most recent significant high.

ptiforex

We are expecting buyers to push the market more higher due to the weakness displayed by the sellers.

ptiforex

the market broke the most confirmed support which is now behaving as a resistance.

ptiforex

As the market continues in an uptrend, we are expecting more of seller's momentum coming in and forcing the market to move more on thee upper side.

ptiforex

On the daily chart we can see a downtrend indicating bearish strength, the pattern-break on the 1 hour confirms our entry.

ptiforex

In a market moving in a down trend seeing a break of a corrective pattern resembles nothing but an opportunity to go short.

ptiforex

the pattern break might confirm the beginning of a bullish impulsive move. even the minor higher high confirms an increase in bull's power

ptiforex

Price might be moving higher as it failed to break the previous low (support).

ptiforex

In a market where the strength is on the seller's ,once we see a corrective wave approaching a key level or a previous support we are likely to see that support turning into resistance.

ptiforex

although, overall we have been expecting some downward move from the higher time frame, this seem to be an opportunity to trade the bullish wave as price is slowing down on the support level around 1.19137.

ptiforex

When a market is moving in a downtrend the best was to make money is by going short. because of the pattern break the trade look ripe for a sell.

ptiforex

Hi everyone , i hope trading is good. Looking at this market we can see that it is flowing in a uptrend with clear signs of higher highs and higher lows, which is why this is a good opportunity to go long. And the beautiful scene is that the market is almost finishing to correct, we just wait for a more clear breakout of the corrective wave.

ptiforex

I hope you're all good. here is a good opportunity to go short obeying the fact that price is moving in an uptrend, and clearly making a sequence of lower highs and lower lows. As price entered in a corrective wave we are being motivated that the seller's impulsive wave is right at the doorstep. We just wait for a pattern break to confirm our entry.

ptiforex

- market is in a downtrend - corrective pattern broken - market was overbought - increase in volume

ptiforex

As it is obvious that the market has been moving in an uptrend, and it appears that the corrective wave which began yesterday at 5am has come to an end. this a good time to by because we see a beginning of buyer's impulsive wave.

ptiforex

good selling opportunity as we see price being resisted in the trendline and the previous support which now is resistance.

ptiforex

a good time to buy as we can see the corrective pattern has been broken as it became week

ptiforex

We observe the buyer's momentum increasing as the most recent corrective wave became even more bigger than the impulsive.