The price action is ranging in a Rising Channel by creating series of HHs and HLs. It has previously retested the top and bottom of the range 6 times. It created a false breakout, retested the Daily Support and returned within the channel again. Currently it is retesting the bottom of the range. Analysing the last down trend one can identify; 1- AB=CD pattern with...
The price action was previously moving in a bearish channel creating a series of LHs and LLs. The last leg of the price action moved from the bottom of the channel towards the top by creating a series of HHs and HLs. The price action finally managed to break above the top of the channel and created a new HH and HL. It then flipped and created a new LH and LL i.e...
Price action is moving in a rising channel by creating a series of HHs and HLs. Price action has retested the top of the channel and is deflected down with the formation of series of bearish candles. Analyzing the last uptrend and applying Fibo. Retracement once can expect the price to retrace between 23.6 % - 38.2% which can be the potential targets with stoploss...
Series of LHs and LLs. Formation of Bullish Hammer and a series of green candles. Protection below the last LL. Target 1 is 23.6% of FR of the last leg. Target 2 is 38.2% of FR of the last leg which is slightly shy of the last LH.
Series of LHs and LLs. Formation of Bullish Engulfing and Bullish Pinbar. Protection below the last LL. Target 1 is 23.6% of FR of the last leg which is slightly shy of the last LH. Target 2 is 38.2% of FR of the last leg which is slightly above of the last LH.
One can identify a series of LHs and LLs. The price action has created a new LH followed by a Bearish Engulfing candle. Therefore, SELL from the current levels. Protect the last LH and target the most recent LL.
Price action is creating a series of HHs and HLs. Protect the mist recent HL. Targets are 61.8% and 78.6% Fibo. Retracement.
After creating a series of LHs and LLs the price action has just rebound from a strong support zone with the formation of a pinbar and a hammer thus creating a new HL. As long as the price action sustains above the strong support zone my view remains bullish. Enter the trade at the break of the most recent trendline and target the resistance zone just above 38.2% FR.
Analyzing the price action of the down move, one can see that; 1- The price has reached a strong support zone. 2- It has created a new HL with bullish engulfing candle. 3- It has broken the most recent trendline. As long as the strong support zone holds my view remains BULLISH. Targets are; 1- Resistance just below 23.6% FR which has been support in the past...
The price action has reached strong resistance zone and failed to close above it, followed by a bearish inside bar / bearish piercing candle. The price action has previously retraced from the sane resistance zone 3 times. Therefore, the price may retrace and retest the bottom of the range. Therefore drawing Fibo. Retracement tool on the last leg, once can identify...
After creating a series HHs and HLs the price action seems to flip be creating a new LH. Though the last HL is still intact but looking at strong bearish impulse one can expect that the instrument is in the retracement phase. By using Fibo Retracement tool, one can identify two strong support zones; 1 - @ 38.2% FR 2- @ 61.8% FR And those will be our target zones...
Price action has formed a series of HHs and HLs. Price is currently moving in a rising channel. And has just retested the bottom of the channel with the formation of a Bullish Hammer. Protect the recent HL. Expect the price to move up towards Target 1 and later towards second Target zone.
Series of LHs and LLs. Protection above last LH. Target the mist recent LL.
After creating a series of LHs and LLs the price action has flipped by created new HH and HL. This can be a possible reversal sign. Therefore enter BUY by protecting the recent LL and targeting the resistance zone formed by the confluence of the falling trendline and 38% Fibo. Retracement.
After creating a series of LHs and LLs the price action has flipped by created new HH and HL. This can be a possible reversal sign. Therefore enter BUY by protecting the recent LL and targeting the resistance zone from the past that coincides with 78% FR, thus forming a confluence.
Series of LHs and LLs. The price action has created new LH. Enter SELL with the formation of Bearish Piercing Candle. Protect the last LH and target the most recent LL.
Series of LLs and LHs. The price action flipped from the weekly support zone. Creation of new HH and HL which can be a sign of reversal. At the new HL price action has formed a bullish hammer followed by bullish engulfing candle. Enter BUY by protecting the last HL and targeting the most recent HH.
Series of LHs and LLs. Protect the most recent LH and target the most recent LL.