lixing_gan

lixing_gan

Price is approaching our first support in line with our ascending trend line , 23.6% fibonacci retracement and 78.6% fibonacci extension where a test of this level could see a bounce from here.

lixing_gan

A test of our buy entry could see a further bounce above this level to our take profit target.

lixing_gan

Here are the key levels to watch on STI, overall direction is bearish as long as price holds below the trendline and a break below our pivot level could trigger a further drop

lixing_gan

Price is approaching our support in line with our trend line, 61.8% retracement, 127.2% extension and horizontal pullback support where we could see a bounce above this level.

lixing_gan

Price is approaching support where a test of our buy entry could see a bounce above this level.

lixing_gan

Price is approaching support where we could see a bounce from here

lixing_gan

Price is approaching our buy entry and a test of our buy entry could present an opportunity to buy. Ichiomku cloud is showing signs of bullish pressure as well.

lixing_gan

Price is facing bullish pressure and a test of our buy entry could present an opportunity to go long.

lixing_gan

We could be seeing room for more upside to our resistance target at 4.91. A test of our support at 4.28 presents an opportunity to go long. That said, I want to caution the absence of any ascending trend line which would make the setup clearer. What are your thoughts on this?

lixing_gan

These are the key resistance and support area for me now, if prices reversed below our resistance area, a break below our green trend line could give the confirmation of a further drop to our support area

lixing_gan

Price broke out of key descending trend line, a test of our buy entry could present an opportunity to go long and play to our take profit target. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher.

lixing_gan

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lixing_gan

Price is testing a key support where we could see a pullback to test our resistance level, as long as prices hold below the descending trend line, overall direction remains bearish for me, a break below this key support area could see a further drop to our next support level.

lixing_gan

Price is sitting on a key support level and a break above the trend line could provide the bullish confirmation, currently I am keeping a close watch on how prices play out and would not consider any long positions before the break of the descending trend line

lixing_gan

Price is facing bearish pressure and a break below a our key support level at 54.80 would provide the bearish acceleration to our next support target.

lixing_gan

Price is approaching resistance where we could see a reversal below this level, a break below our intermediate support could see prices push lower.

lixing_gan

Price broke the descending trend line, a break that we have been waiting for, we could be seeing a further bounce above this level.

lixing_gan

Price is approaching our support at 8.40 where we could see a bounce above this level. A break above our bearish trend line could see a further upside in prices.