UK Bond Next Steps
Updated
The rectangles are potential zones of support/resistance. They also indicate potential tendencies of the sentiment of the market through the pairs of similar color and their relative position (going up or going down). Icons are relative price predictions in time, similar to targets that can be hit. Around the marked time stamps potential pivot points or exceptional events can occur.
This is a project similar to previous ones (Matrix Style) and is also looking at candlestick patterns near the shapes, rebounds or bounces with candlestick shadows, or small coincidences in the price action relative to the elements in the snapshot. This is for the swing trading enthusiasts that seek to maximize gain and minimize risk. For better understanding the general context and approach, the linked idea with previous results can be analyzed.
Always trade with a plan, manage risk, asses all probabilities, and may the force of profits be with you!
This is a project similar to previous ones (Matrix Style) and is also looking at candlestick patterns near the shapes, rebounds or bounces with candlestick shadows, or small coincidences in the price action relative to the elements in the snapshot. This is for the swing trading enthusiasts that seek to maximize gain and minimize risk. For better understanding the general context and approach, the linked idea with previous results can be analyzed.
Always trade with a plan, manage risk, asses all probabilities, and may the force of profits be with you!
Note
Not sure if the next steps are going down as the project might suggest, but so far we had two interesting steps in the journey of the price action meeting the elements in the snapshot. A rebound and then a break of the marked price level, then a break and a retest and continuation of the lower edge of the first rectangle.Note
Small pivot point at the upper edge of the first rectangle.Note
Ping pong inside the rectangle.Note
The second rectangle was never hit as the market diverged from the main scenario. Not sure if it will meet our shapes again in this project. Until then, potential pivot point near the marked time stamp?Note
Potential pivot point for a correction.
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