The crawling Giant
Updated
Based on my analysis: The bulls' hero is starting his move, but is it still chained to death? The market is too crazy to tell. At least, the up move should reach 4233 USD, where a resistance level will refrain it. It's ridiculous for now...
On the graph, I've shown 2 areas. area[A] and area[B]. They are linked and they are resistance levels. When the S4W/Normaliser will reach area[B], the up move will slow down and will make the price stop at resistance level shown as area[A].
In my previous post, I was talking about a nice pattern for the bulls. It's seen in the S4W/MirrorStop indicator here. The end of that pattern is when the red line crossed the green one. There was then a significant up move.
But it's not from where a trade should should start. It's too early. I prefer to start a trade ( a BUY here since red crossed under green), when another crossing occurs. It happens 8 hours later (2 ticks later). 2 ticks is not a standard crossing pattern. Therefore, sometimes this kind of move means an important move, and sometimes it just stating nothing.. In my opinion, since with have the area[A] and area[B] (I told above), I dont think we will have a big move up yet.
However, we still see a signal that says we are in a up move consolidation. Check the S4W/Horizon, the down cycle is over for it. That's why I'm saying we are seeing a "crawling giant" that is starting to rebel. His enemies are bombing him form everywhere. So he cannot stands up yet. That's the bull's giant who's trying to wake up from its nightmare...
In S4W/Normalizer, we see another crossing that is preparing to happen. And we see the red line seems a bit flat, means, that the green (BULLS) can take over the bears, if the green goes above the read high level. That will mean a more sure wake up of the bulls.
I've updated all my key-levels on graph, these are important ones in my view.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
On the graph, I've shown 2 areas. area[A] and area[B]. They are linked and they are resistance levels. When the S4W/Normaliser will reach area[B], the up move will slow down and will make the price stop at resistance level shown as area[A].
In my previous post, I was talking about a nice pattern for the bulls. It's seen in the S4W/MirrorStop indicator here. The end of that pattern is when the red line crossed the green one. There was then a significant up move.
But it's not from where a trade should should start. It's too early. I prefer to start a trade ( a BUY here since red crossed under green), when another crossing occurs. It happens 8 hours later (2 ticks later). 2 ticks is not a standard crossing pattern. Therefore, sometimes this kind of move means an important move, and sometimes it just stating nothing.. In my opinion, since with have the area[A] and area[B] (I told above), I dont think we will have a big move up yet.
However, we still see a signal that says we are in a up move consolidation. Check the S4W/Horizon, the down cycle is over for it. That's why I'm saying we are seeing a "crawling giant" that is starting to rebel. His enemies are bombing him form everywhere. So he cannot stands up yet. That's the bull's giant who's trying to wake up from its nightmare...
In S4W/Normalizer, we see another crossing that is preparing to happen. And we see the red line seems a bit flat, means, that the green (BULLS) can take over the bears, if the green goes above the read high level. That will mean a more sure wake up of the bulls.
I've updated all my key-levels on graph, these are important ones in my view.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
Note
Let me rephrase some of my text, since tradingview didn't like my post:On the graph, I've shown 2 areas. area/A and area/B. They are linked and they are resistance levels. When the S4W/Normaliser will reach area/B, the up move will slow down and will make the price stop at resistance level shown as area/A.
..... In my opinion, since with have the area/A and area/B (I told above), I dont think we will have a big move up yet.
Note
WOW, it's the first time the Bulls were dominant, and in a powerful way.I was wrong about a resistance level at 4233, it will surely play now a support level... I've underestimated 2 conditions I was talking about.
condition-1:
"..... And we see the red line seems a bit flat, means, that the green (BULLS) can take over the bears, if the green goes above the read high level. That will mean a more sure wake up of the bulls. ....".
===> it just happened powerfully.
condition-2: (hard to really have a clue on it) ==>
"...Therefore, sometimes this kind of move means an important move, and sometimes it just stating nothing......"
===> We are in the scenario were the small move in SW4/MirrorStop crossing (green cross under red) brought a bigger movement.
In S4W/Normalizer the line didn't yet cross over the horizontal line though. So it can refrain, but it's a positive situation (fragile but positive)..
Note
Next resistance target ==> 4660 USD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.