MFSL made same pattern with levels sell below 430 sl 443 target 415 103 buy above 449 sl 438 target 458 477
Price is at the bottom blue median line and is trying to break down. Look to see if price breaks down and hits support at 2545.
Price has risen after hitting the sliding action reaction set parallel and is now at prior resistance near 2480. Look to see what price does here. It has come up and done a retest or a switch back of the broken lower blue median line. Price often does this with median line breaks, so see if price stay below the lower blue median line.
Price has risen off the sliding parallel in the action reaction set to hit the 2450 level again. Lets see if this holds as a resistance point for another time and continue to drop to the 2400 area.
Price bounced off the lower median line nicely,filled the gap, and stalled at prior resistance near 2454. It looks like there is some new strength in the market on this time frame. We should see a drop to at least 2439-2444, then show some support somewhere in there.
Price has broken below the sliding parallel of the sideways upward sloping action reaction set. Look to see price continue to fall to the 2400 area. Price has respected resistance at the 2450 area.
Price has dropped under 2451 and retested. Look to see if price can hold here to go lower. Price may continue lower to 2400 to support.
Price retested the 2450 area again to the and is going down. I added a hidden sliding parallel that is showing good frequency with the same frequency as the sideways channel we are in. See if we can break below the next support level and continue to the 2400 area.
Price is still dropping lower, but we may see a pause here for the next couple days. I am still looking for price to hit support eventually near 2400, so look for that.
Price has started to show a large candle here to the up side, we may have a pause here at the convergence of the blue warning line 1 and the support line at 2417.50. Look to see if price rises a little from here to the sliding parallel or 2440 area before hitting resistance again.
Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.
Price has formed a V after coming off of the pink median line, and has now again showed frequency by testing and retesting the upper pink median line. Look to see if price can stay stalled here and will continue down to the marked middle median line again.
Price has dropped below the blue median line parallel, and has stalled under resistance near 2480. I think price could continue to break down if we can stay below resistance all the way to the 2400 area
Price has hit warning line 1 and he has come down to retest the upper median line parallel. We have just made a V formation, so look to see if we wil continue down or hold here. Price has started to make lower lows and showing weakness, so lets see if price will stay under the 2477-2480 area.
Price has dropped and come up to retest the lower blue median line and is showing weakness. Look to see if price will stay below and continue to drop lower. If price does drop lower we could see the 2400 area again soon.
Price has reversed at the pink median line. Look to see if price will stall here at the support turned resistance at 2463. We should see a slow down here, if price is going to continue drifting down.
Price has broken the large blue up fork, and we are now retesting the break. Look to see if price can hold here at resistance, and continue further down. I am thinking because of the large down bar last week that we do have a chance to break down farther to 2400.
Price has risen since hitting 2431 and is forming a V formation. Look to see if price hits resistance here or a little higher at the marked sliding parallel.