


motleifaul
The medium line of the trend and the bottom of the Donchian have been tested and an attempt tp close the gap can be expected.
The medium line of the monthly uptrend was tested and now the rate can continue its march towards 32 again.
The medium line of the monthly uptrend was tested and now the rate can continue its march towards 32 again.
It seems to have some more drive and the chance to retest the upper Donchian Channel which is also the medium line of the pitchfork and the trend channel.
It looks like the Cable is moving against the overall new trend of the USD. Or does this mean that the recent USD upmove against most currencies is not the beginning of a trend? Anyway, Cable has stopped its fall at the bottom of the pitchfork and may now start aother rise to the median line.
Perhaps the chance to risk relation isn't so beautiful any longer as we are in the upper range of the pitchfork but as the dollar failed to fall to the medium line we may expect another trial to the upside. Anyway, one should not consider this a long lasting hand.
It is an uptrend and seemingly a new impulse as well.
Despite the recent downward pressure I still believe that we are in an uptrend. Yesterdays upspike confirmed this view. I think that it is not to late to invest into the trend again. Trends in this pair have always been slow and movements in both directions make it dangerous to handle.
An increase of vol. in combination with falling RSI und MACD means that the correction due may now begin.
The trend is my friend. I am sorry to have to leave him alone - for a moment as the correction may take us a bit further down now.
Apple has a problem to keep pace with the trends it followes. This means that a correction is due. How large this will be? The pitchforks will show. P.S.: The RSI supports this idea.
This is not a trend and not the end of a trend but the bottom of a range with an overextended ABDC-wave.
A good friend of mine says: Don't force the force. That' s what I'm going to do now.
Perhaps this will become a Cup&Hendle - perhaps. At moment it seems to be a bottoming correction move in a long term uptrend.
Within a continuing uptrend I expect some downward correction now.
For me this looks overextended and ripe for a correction.
As it seems that the downmove is over let's asume that the uptrend will be resumed.
Some may see a Head and Shoulder here. I am very reluctant with such but in this case I can't help me I see a falling structure with one correction failed to reverse the fall and the second is in a critical phase. This coul even establish a new downtrend.