New MomentumThe upward correction has failed to become a new rise and the following downward move has enough momentum to confirm the medium term downtrend again.
ResistanceThe close of May 9th is a resistance, however a weak. Another indicator is the mid June window which has been repeated today. If this points cannot be overcome soon we may see a downward retracement. Another item is the old Fibonacci mark of the rise from March 2020 until November 2021. The 38,2 % l
Declining MomentumThere was a number of windows opened during the decline in the past 2 weeks. The latest oft them has been closed yesterday. As the downward momentum is declining we may expect the close of the last open window opened on February 23rd. If so we may see a test of the bottom of the sideward range that
Open WindowWe got an open window since December 7th. It could not be closed by the following downward correction. The week ended with an inverted hammer. This makes it more likely for me to expect a test of the mid summer highs again to close the window of November 21st once again or even that of November 1st.
Spinning Top2 consecutive Dojis indicate a possible top.
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No, I cannot. That's the i
BreakthroughWe opened with a growing downward momentum having made a breakthrough 2 days ago already.
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Displays a symbol's price movements over previous years to identify recurring trends.
