INSG (PRICE ACTION) RETRACEMENT AND BREAKOUT
|PRICE ACTION|
ISNG price spikes consistently at 6 AM Standard Pacific Time and retraces for most of the day. Price has just hit resistance level at around 18 and will most likely retrace until 16, possibly lower. Floor support price is set around 13.90 and price has not broke down below it apart from JAN 6, support floor will most likely continue. MACD also show great momentum on the 1 hour time frame which means that it will most likely reverse soon. The MACD on the higher 4 hour time frame has just crossed signal line indicating likely hood in upward momentum on the higher 4 hour time frame.
(I am aware the support/resistance levels are free handed and have not been adjusted)
ISNG price spikes consistently at 6 AM Standard Pacific Time and retraces for most of the day. Price has just hit resistance level at around 18 and will most likely retrace until 16, possibly lower. Floor support price is set around 13.90 and price has not broke down below it apart from JAN 6, support floor will most likely continue. MACD also show great momentum on the 1 hour time frame which means that it will most likely reverse soon. The MACD on the higher 4 hour time frame has just crossed signal line indicating likely hood in upward momentum on the higher 4 hour time frame.
(I am aware the support/resistance levels are free handed and have not been adjusted)
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