Crude oil movementFrom my pont of view, price will touch decision area. At the level, price will decide whether to go higher or reverse. If price make reversal move, the fall will be huge and price will find new resistance to rebound. There is also possibility for the price to move in sideways between 81.80 - 84.94.
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Another trial for breakoutBTT is trying for 3rd time to break resistance. This is signed of bullish. But if it fail to break resistance, it will fall down.
Another compressionPreviously NBS make major breakout with high volume. After that, it made compression. We are waiting for next breakout with high volume.
3rd testAfter made breakout, FTM went back to sideways area. It tried three times to break same resistance. If the breakout is successful, it will go further.
Resistance become support LPTX already made breakout at the strongest resistance (3.02-3.16). Then, it also found to rebound back at the same level (resistance become support). From this point of view, the entry can be made at the range. The profit level found at 4.10 for 1st TP and 4.96 for 2nd TP. Drop you comment for further information about LPTX and have a nice day.
Initial BreakoutAfter long downtrend with strong bearish momentum, price made an initial breakout. it is the triggered signal for the stock to change direction. The breaking point is 0.8094. The target price movement is 0.9881. If the price can break 1.0878, it will go higher.
This analysis used custom indicator. Any inquiries, please text in comment section.
Strong UptrendFrom the movement of price, we can see the price already broke sideways area. After that it form triangle as manipulation pattern to trapped retailer. Once again, the price broke the triangle form with high volume telling us the movement of big trader inside this stock. the breaking point is 0.0375. The target of price movement is 0.0702.
This analysis used custom indicator. Any inquiries, please text in comment section.
Triangle and box breakoutWaiting for breakout. Triangle and box have been formed and can be the reason of increasing bullish momentum.