Waiting to see how this forms and then go from there
-Daily Downtrend Sitting in Channel between the 0.858 to 0.849 Area Trend has been broken and momentum is settling in the zone HNS pattern as well formed at support AS ALWAYS... WATCH FOR PRICE ACTION !!!!
Strong resistance on the Daily Has broken the 4 HR Trendline as well Also price is Ranging between 107.9 and 107.4 area Reaching back for a retest
Still sitting in a channel since around the end of April Head and Shoulders pattern formed as well with a retest of the neckline and signs of rejection As always. Waiting on price action to show me the way
Sitting in a channel since April 1st Still easing on the 4 HR trend line to the upside Tested to see if 1.08200 would hold for support
Massive Bull run on the retrace from the Initial sell off! Price has broken the daily trend line however momentum is still riding its wave to the upside Seeing if price wants to retest resistance again to keep momentum or fall to close some gaps left
Still contained in a Bullish Flag Pattern on the 4 HR Has also Broken trend-line on the 1 hr to the upside with pressure Waiting on Price Action now!
Has Broken the Trend line to the downside and closed above on the Daily Timeframe Has been having bullish momentum off the 66000 area Seeing if the 70000 area will hold as support to take it up around the 73000 area or come back to the break of the trend line to verify a support!!!
Heavy bullish for the past 30 days on a retest after a massive drop on the Weekly TimeFrame Price has now crossed over on 4 hr Trend-line Has shown rejection from previous support and verifying if this same area can turn into a resistance. Either we are going to break down to the 67.600 Area or we still going to carry momentum
Broken Previous Resistance held back in Aug 2019 to the upside However Double Top has formed on the Weekly around the 7.16 Area Daily Trend-line in focus now as we already have the second touch 4HR- Broke Resistance around the 7.05 Area now looking to take down to around the 7.00 Area
Has broken Weekly Trend-line to the Downside !!!!! Double Top Formed creating a HEAD around 161.8 Area with a potential right shoulder around the 131.3 Area Potentially taking it down to around the 103.9 Area
Inverted HNS on the 1 HR Time Frame but stuck in the channel 4 HR Trend-line is in a Downtrend retracing So I am sitting and watching to see how we act of the trend-line
Area has been holding solid since 2012, however gold still has a higher area it can can travel Trend-line is still not broken so BUYS are still in tact until I see a change So we are going to sit on our hands and see how it operates in this channel WATCH PA !!!!
Daily Trend line has broke towards the downside that also created a HNS -M Formation created as well on Daily Broke previous resistance holding since March that the Golden Area is lining up with However inverted hammer around the 73.6 Area is giving me reason to pause and sit on my hands
-HNS Formed Already 0.690 Area Broken and price is seeing if it could use it as a major support to take of to the next area of the 0.707 Area Pattern forming as well. Waiting on impulse to the upside for extra confirmation and we are OFF!!!
Weekly Major Support since 2009..Pattern forming waiting on reversal for execution Looking for the next target around the 7.76 Area or the Moonshot of the 7.79 Area
Don’t have time to I put my reasonings but I will come back and update later!
We are in consolidation sitting in a channel waiting on the next next surge or fall. Sitting on our hands and not making any decision as of yet. Waiting on for the market to tell on itself and we will go from there. Still has room to retrace!!!