Soundhound broke out of the triangle @ 3.34. The breakout was more than 10%. Price pulled back to the breakout area. Let’s see if the price goes up again. PT 5.10
So,the blue areas are selling areas. Every time the price one of those areas the price drops. For every seller there needs to be a buyer. So then that red highlighted area is were shares are accumulated until there are no more sellers left. Price is reaching a monthly demand area. Who are the buyers? Why are they accumulating? And what do these buyers know? Lets...
So, RSI is about to hit 40 level. Lets see if the price bounces off. price dropped almost 80% after a huge run up. There is still a gap to fill at ~1.81 and ~1.20
Looks like HEXO is setting up a QM pattern. Looking for longs at this level. Lets see how this works out.
Despite the down move, EOG still seems in an uptrend (RSI moves between 40 and 80 and higher low). Price dipped below 40 at a previous demand level. Price is at a supply level now and needs to break that supply level to move higher. Divergence is suggesting a higher price move. First target is 2.88. We'll see how this works out...If price breaks 2.95 we should...
Weekly triangle breakout and pullback to support level.
PRICE IS COMPRESSING DOWN TOWARDS THE DAILY DEMAND. GOOD OPPORTUNITY TO LOOK FOR LONGS.
Potential 3-drives pattern. There is still an unfilled gap in the 1.428 area... I'll keep an eye on the H1 and M15 charts for a SHORT entry...
One (in my opinion) possible option for a short trade; The grey colored Daily Demand zone is tested twice and absorbed. The Daily Demand is still in control but the upcoming Daily Supply is fresh. Price should react there. From the recent (fresh) Daily Demand up, the price haven't been respected and if it hit the fresh Daily Supply first, the price should pull...
-Weekly Demand in control. -Previous Weekly Supply broken. -Wait till price hits Monthly Supply
Weekly & Daily supply in control. On the lower timeframe the price pulled back to the 4hr supply zone. Price should drop to 4hr demand zone.
Looks like the uptrend was broken and price dropped to the previous base for the rally up. Waiting for price to pullback to recent supply zone before going short.
See chart. GPB is weak, JPY is strong(er) Monthly, Weekly and Daily chart --> SELL Price broke previous demand zone, and price now pulled back to this area. SELL in my opinion.