mobybird

mobybird

1) The bear has came out from it's hibernating cave 2) Broke through 20MA area 2) Next support is 40MA area i.e 103 area

mobybird

Next support is 86 area & if also break then potentially all the way down to 50 area Need to be patience & wait for it settle to avoid catching falling knife

mobybird

1) Below 20/40MA 2) need to monitor the next few bars how it close 3) Vol. still low & potentially sideways trend until effort Vol. come it to signal the change of trend

mobybird

1) Reversal pattern 2) 20/40MA above 3) Support at 5.80 4) Resistance 1 at 6.55 & Resistance 2 at 9.79 5) Potential Swing trade

mobybird

1) Friday up bar closing with effort Vol. 2) Can it continue to go up from here? 3) Continue to monitor for confirmation of Vol. with next few bar

mobybird

1) A nice support & resistance trade. 2) closed with an up bar with effort Vol. 3) below 20/40MA however, it's pushed back up 7MA above 4) potential reversal trend for swing trade

mobybird

1) Closed at 7MA as support 2) more pullback is expected? 3) next support area at 20/40MA 4) continue to monitor the next few bars closing