Chance of Reversal to Upward Pressure; Will Know More When...

Updated

...Current 10-Day Candle CLOSES on October 17, 2020. Have a look at the 10-Day chart again below. The chart above may be scrunched up by TradingView's platform. I will follow up with another chart (5-Day) to add a few more additional comments.

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UPDATE:

We were currently in a race between the White Energy in the 5-Day and Red RSI in the 10-Day. It's currently looking like the White Energy in the 5-Day will CLOSE above 50 "before" the Red RSI in the 10-Day can CROSS "below" 50. In which case, this is a signal for downward pressure likely coming to a close and transitioning to upward pressure. TO CONFIRM this transition to sustained upward pressure, we want to see the Green Line go HIGHER than the White Energy in the Daily, 2-Day, 3-Day and 4-Day and REMAIN higher than the Energy for a while.

BELOW is a look at the Green Line and White Energy in the 24 Hour, 3-Day and 5-Day Time Frames:

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UPDATE:

90 minute; 3 hour and 6 hour time frames:

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12 hour time frame:

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Additional notes on the Bollinger Bands in the 24h and 3-Day time frames:

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An additional note for the Daily Phoenix 1.119 indicator:

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Let's see where she goes... ; )

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RSI Closing Above 56 in 24h Increases Odds to Reach 1.618 FIB

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