Price was in a downtrend, however it has given a trendline breakout indicating that bulls are trying to win control of the price action following the emergence of a bullish divergence. Targets are mentioned on the chart.
Bulls are in control of the price action, as on macro level the trend is bullish, printing higher highs and higher lows. Price went down for a retracement and has once again respected the ascending trendline, moreover a bullish divergence also appeared on four hourly time frame, indicating strong grip of bulls. If previous lower high is broken then we can expect a...
The macro trend was bullish, however the price went down for retracement and was respecting a descending trendline since August, however now it has given a breakout after the emergence of bullish divergence. Bulls seem to be in complete control of the price action and previous lower high is also broken successfully, hence we can expect new highs as per Dow theory....
Price was in a downtrend, however a bullish divergence has led to the break of previous lower high signaling the control of bulls. If the momentum sustains then we can expect further upside in price action as per Dow theory. Targets are mentioned on the chart.
Price was in a strong downtrend respecting the descending trendline. However, bullish divergence followed by the break of trendline hints the control of bulls. If the bulls manage to break previous lower high then a bullish reversal is on the cards as per Dow theory. Targets are mentioned on the chart.
The macro trend of price action is bullish fueled by a humongous insider transaction. Bears assumed control of the price action for few months which resulted in a good retracement. However, now the descending trendline is broken and a double bottom reversal pattern has also formed that led to the break of previous lower high, indicating that bulls have assumed...
Price is in a strong uptrend, and after a good retracement the price seems to be on track for next leg up. According to AB = CD pattern also the projected target for this rally are around 15.50, which seems easily achievable as there is no divergence yet on the daily time frame with bulls in the driving seat. Targets are mentioned on the chart.
Price is in a downtrend, and seems like that after a small retracement and testing the descending trendline it will continue its journey south. An evening doji star has also appeared further confirming bearish sentiments, moreover there is also a bearish divergence on hourly time frame indicating the control of bears. Targets are mentioned on the chart.
Price was in a downtrend, however the break of trendline indicates the control of bulls. If the pressure persists then we can expect further upside movement as per Dow theory. Targets are mentioned on the chart.
Price was in a downtrend, however the break of descending trendline coupled with bullish divergence hints that bulls are assuming control of the price action. If previous lower high is broken then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
Price was in an uptrend, and reached the projected target of AB = CD pattern, however the bears seem to be exhausted as the ascending trendline is broken successfully, after the emergence of bearish divergence. Moreover, first lower low and lower high are printed further validating the control of bears. If the bearish pressure sustains, further downside in price...
Price was in a strong downtrend, however upside reversal seems to be on play after a bullish divergence appeared on four hourly time frame. First higher high is printed successfully and if bulls maintain pressure then we can expect further highs. Targets are mentioned on the chart.
Price was in a strong downtrend, however a matured bullish divergence seems to be at play as pervious lower high is broken successfully. If the bulls continue to exert similar pressure then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Price was in an uptrend, however a matured bearish divergence seems to be at play on four hourly time frame as previous higher low is broken. If the bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Bulls have assumed control of the price action after the emergence of bullish divergence on four hourly time frame. Previous lower high is broken successfully and if the momentum sustains then we can expect further upside in price action. Targets are mentioned on the chart.
Price was in a strong uptrend, however a matured bearish divergence seems to be at play as previous higher low is broken successfully. If the current bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Price was in an uptrend, however a bearish divergence seems to be at play on four hourly time frame, previous higher low is broken successfully. If the bears continue to exert pressure, then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
Price was in a downtrend, however a bullish divergence on four hourly time frame indicates that bulls are trying to assume control of the price action. The notion is further confirmed by the break of previous lower high. If the pressure is maintained by bulls then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.