H1 : Currently above the clouds support zone and also above the downtrend line resistance.
Nevertheless, indicators looks tired, 3 successive dojis patterns and after having nearly reached the 78.6% Fib ret @ 55741,
it is likely to see a trend reversal.
Watch Mid Bollinger Band as the first significant support as a failure to hold above it, would give
the first...
H1 : Currently in a downtrend channel.
In order to neutralise this ongoing bearish price action, we
need to see an exit on the upside of this downtrend channel.
Important to note that the Mid Bollinger Band in this time frame
coincides also roughly with the resistance level of the downtrend channel.
M15 : Indicators are showing some...
H1 : The expected Head and Shoulders formation mentioned in my yesterday's analysis failed !!
As mentioned in my previous D1/H4 analysis, it it likely to see some correction after
the rally seen recently.
The ongoing expected move is under way calling for a move towards the former high
@ 52652 which was the former resistance and...
