wicked right at trend line showing that it could continue up to the previous high but watch for news to know fundamentally where its gonna go as well.
did a fake out of the head and shoulder pattern and then continued upwards so looks like its gonna continue up for the short term analysis unless it starts to make lower lows then watch for it to go down short term.
could be a possible head and shoulder if it continues to drop and does lower low then could confirm the pattern. Or Could close above the head and continue upwards because on the daily chart it shows its at a support level.
if it continues to wick at the bottom trend line then it could be a buy. Or If it closes below and wicks upwards then its a sell for a short term trade.
Inverted head and shoulder could form in this area if we see a wick and price action breaks the neckline then it should continue up. Or Candle could close below the head and then be a sell.
wait for wicks to form and watch for breakout of the channel to buy or sell. Short term trade possibilities may be available when wicks form.
This is the daily chart so waiting for wick to form at the bottom yellow line as multiple wicks have shown up there and if it wicks there again then it could be a good buy from there.
waiting for wicks to confirm the move but looks like its gonna continue down from here. Trend channel has been placed so see what happens in this zone to know direction.
Wait for wicks to form to know direction. It broke the m pattern so looks like its going to continue down for now but wait for wicks for more confirmation.
wait to see what happens at the trend channel for indication of wicks to determine direction.
watch for break of triangle formation and wicks to know direction at the trend lines and also red resistance line because the red line could be a breaking point for the w formation. If it breaks that neckline and wicks downward then could continue upwards. Long term there is still room to go down because of higher time frame previous wicks but eventually it'll...
wait till break of w formation and neckline break for buy but watch for wicks. Or Generally look at wicks at trend lines to know which way to trade!
this is the 4 hour time frame , the lines drawn here are important because they have hit multiple candlesticks and wicked in those areas meaning they could potentially bounce off those areas in the future and either buy or sell. If we see a wick in any of those areas then we know the direction. For this we wait for the wicks to form to show true price action...
Watch for wick at bottom trend line for a buy, If it doesn't wick their then no buy. Or Watch for breakout downwards passed the trend line and then wick and continue down. Have to look at both sides to really see which direction its gonna go to have more then a 50% chance to win the trade! Also understand that it did a double bottom on the daily chart which is...
watch for wick at top or bottom to determine the buy or sell. Clear channel shown so move according to it.