Updated

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

...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.

Note

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:

Note

UPDATE:

90 minute; 3 hour and 6 hour time frames:

Note

UPDATE:

12 hour time frame:

Note

UPDATE:

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

Note

UPDATE:

An additional note for the Daily Phoenix 1.119 indicator:

Note

UPDATE:

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

Note

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

WyckoffMode

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

WyckoffMode

Also on: