Swaweru

Swaweru

price action: bullish retest of current hourly resistance zone bearish presence noted - wick rejections

Swaweru

Zone : '' 1807.960 1794.460 " - current daily resistance level Price Action: Alt 'a' bearish 1) depletion of bullish vol 2) hanging man candle 3) bearish momentum candle Ending Diagonal - potential reversal diagonal seeing a bullish retest of structure looking for shorting opp on 4hr /2 hr timeframe targeting 1700 support

Swaweru Updated 

1) Main-trend : downtrend daily--downtrend hourly---downtrend 2) Zone : 1.63400 1.63100 previous range bound resistance zone multiple rejections of zone 3)Price Action price broke 1.61300 support creating new lows @ 1.59000 Alt a ...

Swaweru Updated 

Overview 1) Weekly....price found support @0.61000 also a prev strong support 2 Daily....bullish break of "0.62000 0.62200" support zone 3 Hourly....price creating higher highs & lows( uptrend) Alt a ( bullish ) i) bullish push towards 0.64000 with break triggering further bullish push targeting 0.65500 resistance ii) invalidation bearish break 0.62200...

Swaweru Updated 

Zone : 1.64000 1.63500 - Prev daily support structure - May June retest price found support before retesting 1.68000 resistance Alt a " Bullish Angle " targeting 1.68000 resistance 1) looking for depletion of selling pressure 2) reversal signals @ zone 3) invalidation...complete candle close break...

Swaweru Updated 

1) price creating lower lows ( downtrend ) 2) abc correction to prev support turn resistance area 3) currently price at 61.8% fib retracement lower high...1909.820 lower low......1786.785 4) 2hr rejection candle of zone noted 5) possible shorting opportunity targeting 1780

Swaweru

double zigzag correction ( w x y) i) price corrected @50% fib level lows: 1786.785 highs:1869.750 ....price currently retesting 1850..1853 area of interest before a final bullish move (wave c) targeting 1900