currently looking for a retracement off our resistance zone supported by a hidden divergence. no reason to be bullish right now until zone is broken and closed above. overall move here is bullish though. counter trend trade*
we see BULLISH momentum with a breakout of our 1st consolidation phase, looking for a possible retracement to retouch our zone then continue upwards.
We see a completion of our MMM pattern at the resistance of our higher timeframes with a divergence and bearish hammer present. leads me to believe we are currently RETRACEING to our previous support before continuing our BULLISH run.
We see that we are in a resistance zone. But sellers dont seem to have enough strength to push the market down right now. We see BULLISH momentum everytime we get pushed down as shown by the divergence we get at every swing low. We are also on our 1st phase of a consolidation zone from a fresh forming MMM pattern. Which gives me a hint that we could break our...
We see it to be in our second consolidation phase of our Market maker pattern. Currently hitting the previous high from 2017. where we seem to have had a doji form. taking that into a zone, we have yet to close ABOVE it so there should be no reson to continue bullish if we're in a RESISTANCE ZONE with a clear DIVERGENCE hinting a change of direction. So will look...
Price has came to us, now see a Doji as a confirmation aligned with a divergence. Will be Bear for now.
We're currently up trending on the MONTHLY. On our WEEKLY we're currently bouncing off weekly supply zone. Normally we'd be looking for Short opportunities, but here we see SELLERS (BEARS) didnt have enough to push back enough to create a new LOWER LOW.. on the DAILY we continue to see Demand that the weekly Supply couln't break, now continuing trend. On our 4HR...
deeper into our supply zone. better Sell Opportunity.
MONTHLY it looks to be in a channel. On our WEEKLY its bouncing off the top of our Monthly channel forming a DIVERGENCE, will look to be BEARISH on here. Down to our DAILY we see our MM Structure Peak high, aligned with a divergence confirming the end of a trend. On our 4HR we see price consolidating beneath our Supply zone, so no reason to buy untill zone is...
MONTHLY, looks like we are downtrending. Bouncing off our zone looking to be magnitized to our monthly demand zone. (bearish). On our WEEKLY we have a confirmation candle establishing a supply zone on our mothly trend line. Now looking for a retracment opportunity. Dropped to our DAILY we see Selling pressure coming in strong. On our 4HR we have a nice DIVERGENCE...