Market has been very choppy this week so far. However i think we will break above this whole consolodation range and make a new high again. Lets see how it plays out.
Fibs, patterns and trend line all are lining up for a good sell. Lets see how it plays out.
FIBS LINING UP WELL. TREND LINE 3 TOUCH BOUNCE SET UP. LETS SEE HOW IT PLAYS OUT
Hi all, here is my analysis for the rest of the week. We have respected the Counter trend line perfectly for a long time now. We hit it again yesterday. Strong Resistence was also hit, forming a double top. And we saw the reversal. We need to see the Trendline circled in blue circles break to see the big bearish move happen. we could see 6240 by tomorrow. Lets...
WE HAVE FOUND GOOD KEY LEVELS, SUPPORT that was once good resistence. Fib levels lining up with these levels. trendline as added confluence. We should see it rocket in the next few hours.
We are back at a strong resistence line. Retesting a broken Trend line and sitting on a 61.8 FIb line. Shorts are looking good for today.
We are currently in a downtrend, approaching a good Trendline and support. Lining up with a 78.6% fibs line. We should see 6687 by tomorrow!
We are seeing a good downtrend, we are finding good resistance at the 8100 level . This is where we are expecting the reversal to carry on selling. We will follow along the 15 minute time frame for a trendline break and retest for a confirmation to short. Expecting a move to 6550. If we break above the 8100 level we will be looking for a long oppurtunity.