i predict the price to cross below the horizontal line then make a support which then becomes a resistance after breaking the support..after that we will follow the price action for continuation or reversal.
i predict the price to make resistance > support above the yellow line..after that we will follow the price if it will continue or reverse. OTHER SCENARIO: If price breaks below red line making it a resistance then long position is void and we will look for sell opportunities when price retest red line and more better yellow line.
expect the price to cross above green line bearish scenario: will update if that occurs
expect the price to go below yellow line making support>resistance bullish scenario: if price breaks green line and makes it a support then trend is bullish
bearish trend has started..i predict the price to cross below horizontal line then make a support which then becomes a resistance as price will break below it...after that we will follow the price action for further movement for continuation or reversal.
i predict the price to cross above yellow line then make resistance>support ..after that we will follow price action if it will continue or reverse.
expect the price to cross above red line bearish scenario: if occurs then price will still go upto red line then drop below yellow line
price will go down to red line then bullish trend crossing yellow line
price will go upto red line then go up crossing yellow line into bullish trend
i still believe the price to make support > resistance below the yellow line..after that we will follow the price if it will continue or reverse. good to open sell position at yellow line or above. OTHER SCENARIO: If price breaks above red line making it a support then short position is void and we will look for buy opportunities when price retest red line and...
i predict the price to touch red line then bounce off and cross below yellow line making support>resistance..after that we will follow the price action for continuation or reversal.
i predict the price will cross horizontal line then make a resistance > support..after that we will follow price if it will continue or reverse.
i expect the price to bounce off yellow line then cross below red line making support>resistance...after that we will follow price action for continuation or reversal OTHER SCENARIO: if price breaks above yellow line making resistance>support , it will retrace back to red line after which the trend is bullish and price is expected to go above yellow line making...
i predict the price to cross below yellow line and make support>resistance..after that we will follow price if it will continue or reverse. note: this is correction in analysis from my previous post..sorry